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Over 67,000 savers leave second pension saving pillar

Between the beginning of this year and June 25, more than 67,000 people have left the private old-age pension saving scheme to return to the state-run pay-as-you go pension system.

Between the beginning of this year and June 25, more than 67,000 people have left the private old-age pension saving scheme to return to the state-run pay-as-you go pension system.

"On the other hand, so far a total of 12,968 persons entered the second pillar during the same period," said Lýdia Výborná, head of the communications department at social security provider Sociálna Poisťovňa.

This means pension fund management companies must return Sk2.451 billion to Sociálna Poisťovňa, of which only Sk1.741 billion has been received so far, Výborná added.

The savers who left the second pillar were mostly older than 45. SITA

Compiled by Zuzana Vilikovská from press reports
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