sk sk

Old-age pension scheme (second pillar)

In the Slovak pension system, the old-age pension scheme (second pillar) is:

  • a funded defined contribution scheme in which the pension savings are managed by pension fund management companies (PFMCs);
  • a scheme which, in combination with pension insurance (first pillar), is designed to ensure an income for savers in old age and for their survivors, if any, in the event of their death;
  • a scheme in which enrolment is voluntary but which members may not leave after enrolment.

The old-age pension scheme’s organisation, funding and supervision is governed by the Old-Age Pension Scheme Act.