Who should leave the second pillar? (calculations)

5. June 2025 at 17:11

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The possible opening of the second pillar, the voluntary departure of savers, has been on the table for several weeks.

Labor Minister Erik Tomáš (Voice) claims to be negotiated with pension management companies (DSS). Possible opening of the second pillar, in the order of the fifth since 2008, admitted Also the Prime Minister Robert Fico (Direction).

The main argument of the Minister and Prime Minister is the statistics according to which pensioners who receive a pension from the first and second pillars have a lower pension than if only in the first pillar.

According to Tomas, this applies to 95 percent of the 58,000 seniors who are already receiving a combined pension and the difference in their detriment is EUR 50.

These figures do not dispute the pension management companies either. However, Tomáš has no longer mentioned that most savers do not receive savings from the second pillar after the retirement age, ie the form of a so -called life -long pension that enters his statistics.

Savers prefer to choose them suddenly or in installments, ie in the form of a program selection that is not mentioned in ministerial statistics.

For example, more than 14,000 pensioners used the program selection last year, while not even three thousand pensioners were decided for a lifetime pension. DSS transferred EUR 23 million to life pensions, but paid EUR 229 million, ten times more, through the program selection.

The situation is not black and white. For some savers, it is really beneficial to stay in the first (state) pillar, but much more is those for whom the second pillar is more convenient.

It is not just that savings in the second pillar can be inherited or that the financial condition of the state will probably worsen by twenty-thirty years that it will have the problem of paying the first pillar pensions. Already today, the Social Insurance Agency must subsidize EUR billions of EUR one year at the still good population structure.

These two factors may also be motivated to stay the second pillar, but it can also be based on the calculations of expert experts from the Orange Cover project available to the index. They show quite clearly which savers should consider leaving when the second pillar is opened.

The previous government has helped the young

Departure from the second pillar should consider a relatively small group of savers who entered it in 2005 and were 40 years old or more. At that time, experts warned them that the second pillar is not primarily intended for them.

Financial Policy Institute (IFP) at the Ministry of Finance in 2004 wroteIt is worthwhile to go to the mixed system (first and second pillars at the same time) only if they accept a high risk rate and « assume yields in the second pillar at the border of the possible ».

Counting analysts from the orange envelope confirm that these savers who are currently around 60 years of age have not really paid off the second pillar. In calculations, we look at an average earning person, a sole trader with minimal levies and an above -average income employee.