Budget Council warns against further interventions in Slovakia's second pension pillar

Slovakia's Budget Council has warned against additional government interventions in the country's second pension pillar, cautioning that broad-based policy changes could prove both unfair and financially costly for the state. The second pillar is part of Slovakia's multi-tiered pension system, where workers contribute to private pension funds alongside the mandatory state pension scheme. The Budget Council, an independent fiscal oversight body that monitors government spending and debt, expressed concerns about potential policy modifications that could affect the system's structure or operations. The warning comes amid ongoing debates about pension reform in Slovakia, where the government has previously made changes to the pension system's architecture.