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Almost five thousand leave the second pension pillar

A total of 4,904 people have left the second pension pillar between January 1 and February 4 of this year.

A total of 4,904 people have left the second pension pillar between January 1 and February 4 of this year.

Jaroslav Bellus, head of the IT department of social security provider Sociálna Poisťovňa, added that private pension fund management companies have already returned the pension savings of those clients, which amounts to Sk80 million, to Sociálna Poisťovňa.

On the other hand, 1,326 new clients joined the capitalisation pillar in the same period. Another 2,193 people, who are state policyholders because they are caring for a child up to six years old, officially informed SP of their intention to keep their pensions in the second pillar.

In January, 4,395 people left for the pay-as-you-go system administered by SP. Bellus pointed out that most of those people (3,500) were over 40. That same month, 964 people became new clients, 765 of whom are 30 or under.

The amended social insurance law adopted at the end of last year opened the second pillar for the more than 1.5 million savers who entered the previous pension saving system since January 2005. From January 1 to June 30 of this year, they have the opportunity to return from the second pension pillar to the pay-as-you-go system administered by the state-run Sociálna Poisťovňa. SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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