Slovakia becomes first EU state to launch pan-European pension product

PEPP can be transferred within EU.

(Source: Sme)

Slovakia has become the first EU country to launch a new pan-European pension product, Labour Minister Milan Krajniak (Sme Rodina) has announced.

Speaking about the implementation of the pan-European personal pension product (PEPP), legislation for which was approved in parliament this spring, the minister said: "We have the first, second and third pillar of pension savings in Slovakia. Today we are announcing a product especially for younger people who expect to work in EU countries, but not only for them.. This is like a fourth pillar of saving for retirement."

SkryťRemove ad
Article continues after video advertisement
SkryťRemove ad
Article continues after video advertisement

The labour minister announced the implementation of PEPP in Slovakia at a press conference with the Finax financial institution, which provides PEPP.

PEPP is a new EU-wide voluntary personal pension scheme offering an additional option to save for retirement, according to the National Bank of Slovakia (NBS), and is a complementary product to state-based and occupational pensions.

Another way to save for retirement

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

News digest: Bratislava's main railway station gets a facelift

Who are the wealthiest Slovaks? The driver in last weekend's Bratislava road crash tragedy will be prosecuted at large. And Sládek's photos: an invitation to discover the capital's Old Town.


10 h
Bibiana, the International House of Art for Children, in Bratislava.

Foreigners: Top 10 events in Bratislava

Tips for the top 10 events in the capital between October 6 and October 16, plus regular services in different languages, training, temporary exhibitions and highlights of the year.


6. oct
People attend a Mahsa Amini protest outside the Presidential Palace in Bratislava on September 25, 2022.

Iranians in Slovakia join global protests over Mahsa Amini killing

Hopes of change at home after mass demonstrations.


6. oct
Bins can be found on busy streets.

Campaign against littering helps homeless people

Company gives second chance to litter.


6. oct
SkryťClose ad