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Parliamentary committee lacks quorum to discuss amendment on pension savings

The parliamentary committee for social affairs was scheduled to discuss prepared changes to the Slovakia’s second pillar of its pension scheme on August 30 but not enough committee members were present for the session, the TASR newswire reported. "The committee lacks a quorum," said its head, Július Brocka of the Christian Democratic Movement (KDH). The Ministry of Labour, Social Affairs and the Family has drawn up dozens of comments on the government's amending draft and the scrapping of the session will provide MPs extra time to review the comments, said Brocka.

The parliamentary committee for social affairs was scheduled to discuss prepared changes to the Slovakia’s second pillar of its pension scheme on August 30 but not enough committee members were present for the session, the TASR newswire reported.

"The committee lacks a quorum," said its head, Július Brocka of the Christian Democratic Movement (KDH). The Ministry of Labour, Social Affairs and the Family has drawn up dozens of comments on the government's amending draft and the scrapping of the session will provide MPs extra time to review the comments, said Brocka.

Speaking at a workshop on the pension system's second pillar, Labour Minister Jozef Mihál from Freedom and Solidarity party (SaS) said that he was expecting that a number of committee members would not show up. Turning to the changes in the pipeline, he said that his ministry wants to preserve "the good" and change the rest with the aim of boosting revenues in funds that are currently operating in a deficit.

If approved by Parliament, the new amendment to the pension saving system will introduce, among other changes, an extra pension investment fund (making a total of four instead of the current three), fewer guarantees and automatic entry to the second pillar for school-leavers and graduates.

Source: 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.

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