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Kanik: Deformity in 2nd Pension Pillar Should Have Been Fixed by Now
Wednesday 15 December 2010 Zoom in | Print page
Bratislava, December 15 (TASR) - The changes to the second pillar of the pension system introduced by the former Labour Ministry administration under Viera Tomanova (Smer-SD) should have been done away with a long time ago. SDKU-DS MP Ludovit Kanik said at a briefing held on Wednesday.
"One of the first moves to take place should have been to get rid of this deformity," stated Kanik.
Kanik doesn't view his stance as implying criticism of current Labour Minister Jozef Mihal (Freedom and Solidarity/SaS). "I wouldn't call this criticism but rather a challenge to proceed at a faster rate. There's really no reason to put off measures that are clear and unequivocal," he said.
According to Kanik, the current situation calls for "a lot more" to be done. He would allow pension-savings companies (DSSs) and savers to put larger amounts of money into join-stock investments. "A fourth fund would be set up, one featuring exclusively earning assets, mainly shares. Savers would be able to enter this fund only by submitting their own applications," he said.
The changes introduced by Robert Fico's government cost each saver an average of €100, claimed Kanik. "The measures introduced under Fico were extremely incompetent and have significantly harmed all savers already involved in the second pension pillar," he said.
"The changes in question are unequivocally to blame. Had Fico's government not meddled in the system and had it not forced all earning assets from the DSSs' portfolios to be sold, savers, one and half a million people, would have seen a considerable increase in the value of their savings," said Kanik.
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