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More than 47.600 people Sign Petition against Changes in Third Pillar
Thursday 07 Octtber 2010 Zoom in | Print page
Bratislava, October 7 (TASR) - More than 47,600 people have already signed a petition aimed against the planned changes in the supplementary pension saving scheme (third pillar of the pension system), TASR was told Thursday by the petition committee of the Association of the Supplementary Pension-fund Management Companies (ADDS).
The petition committee started collecting signatures on Monday (October 4) and hopes to reach 100,000 by the end of the month and submit them to Parliament, asking MPs not to push the amendment through.
According to the proposal, the contributions sent by employees and employers to the supplementary pension-fund management companies would henceforth be taxable. "With such an amendment that practically cancels any motivation to participate in the third pillar, Slovakia would become a black sheep in the developed world, where governments support all forms of voluntary pension saving by all means," stressed ADDS chairman Milos Krssak.
According to Finance Minister Ivan Miklos, scrapping the current levy exemption given to the supplementary pension savers will remove any unjustified privilege that results in a deformation of the market (as not every employee has the chance to build up their pension savings with money that is not taxed at source).
ADDS argues that if the third pillar is to be a standard part of the commercial pension saving, all regulation duties should be removed from the legislation.
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