Deputy PM Proposes Constitutional Amendment for Minimum Second Pillar Pension Contributions

Deputy Prime Minister Erik Tomáš has proposed enshrining minimum contribution levels for Slovakia's second pillar pension system in the country's constitution. The proposal is being discussed at an expert level with participation from opposition representatives. Slovakia's pension system includes a mandatory first pillar operated by the state and a second pillar of private pension funds, which was reformed multiple times over the past two decades amid political disagreements about the role of private savings in retirement security.