Spectator on facebook

Spectator on facebook

Over 13,000 savers exit pension system's second pillar in 3.5 months; 7,600 joined in

Over 13,000 people have opted out of the pension system's second private, or capitalisation pillar since it was re-opened as of September, according to figures from insurer Sociálna Poisťovňa running to the middle of December. As a result, the pension-savings companies are set to return a total of €41.91 million for 13,156 savers who have unsubscribed from the second pillar. Meanwhile, 7,632 people joined the private pillar, the TASR newswire wrote.

Over 13,000 people have opted out of the pension system's second private, or capitalisation pillar since it was re-opened as of September, according to figures from insurer Sociálna Poisťovňa running to the middle of December. As a result, the pension-savings companies are set to return a total of €41.91 million for 13,156 savers who have unsubscribed from the second pillar. Meanwhile, 7,632 people joined the private pillar, the TASR newswire wrote.

The ministry had expected several tens of thousands of Slovaks to opt out of the pillar. Head of state insurer Sociálna Poisťovňa Peter Višváder has said that, based on previous experience with opening up the pillar, many a saver opts out of the system towards the end of the period prescribed. It's possible to opt in or opt out of the pillar until January 31, 2013. This is the third such window since the second pillar was launched in 2005.

(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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.