Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Pension changes to be proposed

SLOVAKS with higher salary levels can expect to receive lower pensions in the future, with the Hospodárske Noviny daily writing that employees earning more than €980 per month will receive proportionally lower pensions in the future while those with salaries lower than the country’s average will receive more.

SLOVAKS with higher salary levels can expect to receive lower pensions in the future, with the Hospodárske Noviny daily writing that employees earning more than €980 per month will receive proportionally lower pensions in the future while those with salaries lower than the country’s average will receive more.

The Labour Ministry plans to introduce a gradual drop in the base for calculating pensions, often called the average personal wage base, for those with higher earnings. The daily wrote that a person currently earning €1,500 a month will have a base set at €1,420 and a person who plans to retire in 2020 will see the base limited to €1,300. Slovaks with salaries below the national average will have their base increased.

Vladimír Baláž, an analyst with the Slovak Academy of Sciences, told the daily that the change is a step towards sustainability for pensions paid by Sociálna Poisťovňa, the so-called first pension pillar administered by the state.

The Labour Ministry will also propose that the decision of whether a young worker will enter the privately-administered second pension pillar will be voluntary. Currently, all newly-hired young employees are automatically enrolled in the second pension pillar. The ministry also plans to make it easier for participants in the second pillar to withdraw, the daily reported.

Top stories

Šafárikovo Square will be changed into city meadow Photo

The popular square in downtown Bratislava will be turned into a park, including a terrace offering a view of the Danube river, a pavilion for cultural events, an open area for walking dogs and a playground.

New relaxation zone in downtown Bratislava

Verdict reached on attacker in the case of the neo-Nazi attack on the Mariatchi bar Video

This is the third sentence concerning the attacks in front of the bar, but the main trial still waits for expert opinion.

Memory institute struggles with communists

It is hard to rehabilitate victims of socialist crimes and even harder to punish the people responsible for them, according to the National Memory institute.

The Hartmut Tautz memorial in Slovakia

Drunken Slovak pilot pleads guilt

The judge is expected to issue a verdict in early April.

Illustrative stock photo