Spectator on facebook

Spectator on facebook

Second pillar will open for three months

SAVERS in the second private pension pillar will be allowed to leave it, as it will open for three months from March 15 to June 15. This stems from the amendment to the law on pension savings passed by the government at its January 28 session.

The parliament should discuss the change in a fast-tracked proceeding at the ongoing session, with the new rules scheduled to become effective as of mid-March, the TASR newswire reported.

With the amendment the government is responding to low pension offers to be paid from the second pillar.

“It becomes apparent that regarding pensions which are offered to pensioners from the sum they saved is disadvantageous for certain groups of savers,” said the Labour Ministry, author of the amendment, as quoted by TASR.

Savers will therefore be able to decide whether they want to stay in the second pillar or leave and move all their finances to the first, pay-as-you-go pillar administered by social insurer Sociálna Poisťovňa. Everybody, except for those who have already agreed on receiving the payments, will be free to leave the second pillar.

On the other hand, the law will also allow people to enter the second pillar, TASR wrote.

The ministry said that it is not possible to predict the impact of the amendment as they cannot estimate the number of people who will leave or enter the pillar.

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

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

The Financial Administration’s head resigns from post

František Imrecze says his decision was spontaneous.

František Imrecze

People will gather to support imprisoned Ukrainian filmmaker

The open letter in support of Sentsov has been signed by more than 2,800 people.

People hold posters to support Ukrainian filmmaker Oleg Sentsov, who is currently on hunger strike in a Russian jail to demand the release of the other Ukrainian hostages taken by the Kremlin, in front of the Embassy of the Russian Federation in Kiev on August 21, 2018.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall