The government approved the possibility of DSS to invest assets from the second pillar to the infrastructure

BRATISLAVA. Pension management companies (DSS) could use assets from the second pillar to invest in the development of the Slovak economy.

They could invest in infrastructure projects that will bring economic or social benefits to Slovakia. This stems from the amendment to the Act on Old -age Pension Savings from the workshop of the Ministry of Labor, Social Affairs and Family, which was approved by the government on Monday.

National Council At the same time, she proposed to discuss the amendment in a shortened legislative procedure.

Part of the investments want to redirect to Slovakia

« The total volume of assets in the administration of pension management companies was at the beginning of April 2025 at approximately EUR 16.6 billion. Financial instruments suitable for direct financing of more demanding infrastructure projects using assets in pension funds in regulation, » said the Ministry of Labor.

According to him, DSS currently place the assets of pension funds predominantly in equity investments that follow the development of the world economy, especially the nasal index non -guaranteed pension funds, with a substantial part of the assets of pension funds being aimed at the US, to a lesser extent on Europe or on developed Asian markets.

The Ministry of Labor wants to redirect part of the investments of pension funds to Slovakia with this amendment to Slovakia.

« On the basis of the submitted proposal, pension management companies could use assets in pension funds to finance the development of the real economy in various, even more demanding, infrastructure projects in the territory of the Slovak Republic, such as the construction of real estate for rental housing, completion or modernization of public transport network and energy network, Green infrastructure.

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For rental housing or highway

Investments would be by the Minister of Labor Erik Tomáš For example, they could go to the construction of apartments for rental housing or motorways in Slovakia.

« We want to allow money from the second pillar to be invested in the territory of Slovakia, at the moment the value of the assets in the second pillar is around € 17 billion, » said Tomáš, adding that DSS will be able to voluntarily invest in infrastructure in Slovakia, and all limits for investments in specific projects will be preserved.

According to him, investments could go to the construction of rental apartments, motorways, hospitals or energy infrastructure. These projects will be able to use assets from bond, equity and index funds.

The Ministry of Labor wants to create a space for the influx of new investments in the Slovak economy, as the country, according to Tomas, is threatening serious economic damage also due to the established US duties to export all goods and services from the EU to the United States.

Miroslav Kotov, chairman of the Association of Pension Management Companies (ADSS), added that the Ministry of Labor accepted the requirement of companies to voluntary investments. The law also determined the lower limit for these investments, which will be at zero percent and the upper limit of five percent.

At the same time, they also agreed that such investments should only be a supplementary part of the investment of pension funds and not the main part.

« For pension management companies, I would like to say that the fact that we have opened up such a possibility does not mean that pension management companies will be headlessly investing in everything, ie investing in infrastructure projects. We will carefully consider each investment in terms of risk and revenue.

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Minister Taraba’s proposal welcomes

Minister of the Environment Tomáš Tarababa (CIS nominee) perceives the potential introduction of the possibility for pension management companies to use assets from the second pillar for investing in the infrastructure of Slovakia positively. He said this after Monday’s government meeting.

« We welcome that the Slovak Republic wants to open the possibility of pension management companies in Slovakia in large infrastructure projects, which have to show all strict criteria for profitability, return, but it is a big step forward, » Taraba said.

Members of the National Council will discuss the amendment to the Old -age Pension Savings Act in a shortened legislative procedure, and according to Tarab, it is something that has long been called by all coalition parties.

He stressed that he sees no reason to disadvantage investment opportunities in Slovakia and « force » DSS to invest only abroad. Thus, the finances from the second pillar could use DSS to build apartments for rental housing, motorways, hospitals or energy infrastructure.