MORE than 32,000 people left the second pension pillar between the beginning of this year and May 13. In the same period, nearly 9,700 people entered the it, the SITA newswire wrote. Those people saving for a pension in the second pillar can switch to the first pillar up to the end of June.
It was mainly people above 45 who left the second pillar, which is private, to join the first, which is state-run. And it was mainly people aged up to 30 who did the opposite.
“Pension fund management companies are required to return Sk1.06 billion to Sociálna Poisťovňa for the savers who decided to close their accounts,” said Ivan Bernátek, director general of the Sociálna Poisťovňa social security provider.
So far, pension fund management companies have returned Sk700 million total to the state-run pension pillar.
Nearly 1.54 million people are still saving in the second pension pillar, which was established by the previous government as part of its pension reform.
19. May 2008 at 0:00 | Compiled by Spectator staff from press reports