Spectator on facebook

Spectator on facebook

Fico: Second pillar beneficial only for people earning over Sk29, 000

According to Prime Minister and Smer-SD leader Robert Fico, the second pension pillar is beneficial only for those who earn at least Sk29,000 (€862), with a steady income, providing that they save for at least 25-30 years. That is why the Government gave people an opportunity to re-evaluate their original decision, made under the influence of misleading advertising. This was the reply of Smer-SD MP Branislav Bacík, who during Question Hour in Parliament on February 7 asked how he viewed the fact that so far this year some 4,900 people had opted out from the capitalisation or second pillar.

According to Prime Minister and Smer-SD leader Robert Fico, the second pension pillar is beneficial only for those who earn at least Sk29,000 (€862), with a steady income, providing that they save for at least 25-30 years. That is why the Government gave people an opportunity to re-evaluate their original decision, made under the influence of misleading advertising. This was the reply of Smer-SD MP Branislav Bacík, who during Question Hour in Parliament on February 7 asked how he viewed the fact that so far this year some 4,900 people had opted out from the capitalisation or second pillar.

Drawing a parallel to the boycott of the Treaty of Lisbon by the opposition (which is demanding changes to the draft Press Act); PM Fico said that the former government didn't consult the introduction of the second pillar with the opposition then. The problem with the second pillar is that the pension savings companies take as much as 44 percent from people's revenues, Fico said. "Therefore, the pension savings companies have over 32 months and end up with as much as Sk1.1 billion in their accounts," said Fico.

Moreover, Fico pointed out another possible risk of loss with regards to stock market trading. He mentioned France as an example, where a sole trader surreptitiously managed to produce a loss of €4.9 billion on the bourse. TASR

Compiled by Zuzana Vilikovská from press reports

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

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava