De Lege Ferenda Considerations on Potential Institutes Increasing Participation in Supplementary Pension Savings
De Lege Ferenda Considerations on Potential Institutes Increasing Participation in Supplementary Pension Savings

Author(s): Andrea Slezáková, Martin Višňovský
Subject(s): National Economy, Law on Economics, Financial Markets, Socio-Economic Research, Sociology of Law
Published by: ADJURIS – International Academic Publisher
Keywords: participant; supplementary pension savings; supplementary pension savings asset; Management Company;
Summary/Abstract: Supplementary pension savings represent one of the results of the diversification of the pension system in the Slovak Republic. For the majority of the population, with the exception of selected types of professions, participation in supplementary pension savings is voluntary. In order to ensure and improve the standard of living of individuals in the post-productive age, the legislator has introduced in the legal order regulations that should motivate to participation in supplementary pension savings, such as the possibility to inherit the value of a personal account, tax benefits or employer contributions. The paper contains a set of proposals and reflections of the authors on what other possible mechanisms should be introduced in order to increase interest in saving the so-caller third pillar both on the part of the participant and on the part of their employer.

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