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Mihal: People Will Be Able to Save in Several Pension Funds Simultaneously
Saturday 31 July 2010 Zoom in | Print page
Bratislava, July 31 (TASR) - Savers who have joined the second (capitalisation) pension pillar will be able to save in all three funds (conservative, balanced and growth) simultaneously as of January, Labour, Social Affairs and the Family Minister Jozef Mihal (Freedom and Solidarity/SaS) has told TASR.
Mihal added that the change will be optional, and savers will be also allowed to save in only one fund if the decide so.
"Further, there will be one policy for investing in the conservative fund, and different one in the opposite spectrum - in growth funds," said Mihal. This will concern guarantees for savers and rewards for pension management companies, for example.
Meanwhile, the Government has unveiled plans for using money in the second pillar to finance motorway construction. The idea lies in the state releasing special bonds that would then be bought by the pension saving companies (DSSs).
While DSSs are enthusiast about the idea, analysts are more sceptical. INESS analyst Radovan Durana told TASR that it is savers and fund managers and not politicians that should decide on private savings.
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