MODERN PENSION TRACKING SYSTEM – THE CASE OF SLOVAK ORANGE ENVELOPE PLATFORM
MODERN PENSION TRACKING SYSTEM – THE CASE OF SLOVAK ORANGE ENVELOPE PLATFORM

Author(s): Daniela Dankova, Jan Šebo, Ivan Králik
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Summary/Abstract: European Commission has a long-term objective of tackling the demographic issues of EU member states by creating a network of national pension tracking systems. The initiative launched in 2021 aims to present good practices in building modern pension tracking systems. The paper examines key aspects of a modern, consumer-driven non-governmental platform providing users with the features of pension entitlements across all pension pillars in Slovakia. The methodology is built on the case-study where governance, research, front-end and data management issues are elaborated. The paper presents in-depth steps and robustness of microsimulation model applied for the pension tracking platform. The results could serve for other countries and modern PensionTech providers as a good practice and a guideline to create a comprehensive integrated pension tracking system with minimum development and operational costs and extremely short time-to-market duration.

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