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Minster of Labour speaks about capitalisation pillar development

Since the beginning of this year, 55,000 pension savers have quit the second pension pillar, Minster of Labour, Social Affairs and Family VieraTomanová said at a press conference on June 16. On the other hand, 12,000 entered it.

Since the beginning of this year, 55,000 pension savers have quit the second pension pillar, Minster of Labour, Social Affairs and Family Viera
Tomanová said at a press conference on June 16. On the other hand, 12,000 entered it.

She reiterated that the departure from the second pension pillar would only be possible until the end of June.

The Finance Ministry forecasts that 68,000 savers will leave the capitalisation pillar by that time. This should increase revenues of the Sociálna Poisťovňa social security provider by roughly Sk3.6 billion in 2008.

In 2009, the provider's income is to be higher by Sk1.3 billion and by Sk1.4 billion in 2010. Before the second pension pillar was opened, the Ministry of Labour, Social Affairs and Family had anticipated that only about 31,000 current savers would return from the capitalisation to the first (pay-as-you-go) pension pillar. SITA

Compiled by Zuzana Vilikovská from press reports
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