Spectator on facebook

Spectator on facebook

Labour Ministry pension reform contradicts past stance

On February 19, the Sme daily expressed surprise at the pension reform proposals drafted by Labour Ministry experts and recently released on the ministry's website.

On February 19, the Sme daily expressed surprise at the pension reform proposals drafted by Labour Ministry experts and recently released on the ministry's website.

According to the daily, the new plan calls for Slovaks to save most of their pension in the second and third pillars of the pension scheme. This is in direct contradiction to the government’s previous stance, which redirected funds to the first pillar, which is administered by the state-owned Sociálna Poisťovňá.

Furthermore, Prime Minister Robert Fico has compared private pension fund management companies to Horizont Slovakia and BMG Invest - unlicensed financial institutions that went bankrupt years ago after collapsing in a pyramid scheme.

According to the proposals, the first pillar would be financed through the state budget and not insurance premiums.

The opposition has praised the proposals. 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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia to buy F-16 fighter jets. What is wrong with the ministry's analysis?

The Defence Ministry persuaded the government that the American offer is better than the Swedish, but analysts are not convinced.

F-16 fighter jet.

People marched for LGBTI rights in Bratislava

Take a look at the Bratislava Rainbow Pride 2018 that took place on Saturday, July 14.

Blog: Skills shortage makes us rethink patterns in education

Slovakia must be able to attract and retain the skilled experts, but also grow domestic talents and leaders.

Companies are cautiously considering further education  and training for their employees.

Believe it or not Europe, Trump really does not have a plan

Did you ever wonder what it would be like for a man with no attention span, who has declared bankruptcy four times, to lead the world’s most powerful country?

London during the visit of Donald Trump.