Slowakije
Pensions
The Slovak pension scheme is based on three pillars:
• 1st pillar - retirement pension insurance is a mandatory insurance for all citizens of working age and their employers, who have the statutory obligation to deduct contributions for payment to the Social Insurance Agency from all wages and salaries.
• 2nd pillar - retirement savings - this is a private savings pillar administered by private pension administration companies. The amount of contributions is unchanged but are split between the Social Insurance Agency managed by the State and a private pension administration company which will invest the funds of individual client accounts.
• 3rd pillar - optional pillar consisting of the payment of an amount at one’s own discretion to the account of a supplementary pension company.
The following benefits are paid from the pension scheme fund under the statutory qualifying conditions:
1. Retirement pension
This is designed to provide for the insured person in old age, and insured persons are entitled to it when they have at least 10 years of insurance and have reached retirement age.
The retirement age of 62 years is the same for both the men and women but it will be applicable only to men born in 1946 or later and to women born in 1962 or later. (Some women will be entitled to earlier retirement depending on the number of children they have raised).
Where the insured person has reached retirement age under the legislation of the Slovak Republic, but has not accumulated sufficient years of insurance to qualify for a retirement pension, periods of insurance accumulated in other EU Member States will be taken into account when assessing entitlement. These periods can be taken into account only on the basis of Form E 205.
An applicant will not qualify for a retirement pension under the legislation of the Slovak Republic, however, if he or she has less than one year of social insurance in Slovakia.
2. Early retirement pension
An early retirement pension is based on the concept that, where the insured person meets the qualifying conditions, he or she may receive the pension irrespective of the number of days or years, as the case may be, yet to elapse before he or she reaches retirement age.
3. Survivor pension
The purpose of a survivor pension is to provide a widow/er with an income following the death of a spouse.
4. Orphan’s pension is designed to provide an orphan with income in case of the death of a parent or foster parent.
5. Disability pension is designed to provide for the insured person in the event of loss of income-generating capacity due to long-term ill health.
In addition to retirement pension contributions, employers also deduct contributions for a work injury insurance used for the payment of the following work injury benefits:
- injury premium, injury periodic amount, an aggregate payment or a lump sum compensation;
- rehabilitation benefit, rehabilitation allowance, compensation for the cost of treatment
- chronic pain compensation and social integration compensation.
For more information on pensions call 0800 123 123 (free of charge)
