The State funded pension scheme, or Tier 2 of pensions, was introduced on 1 July 2001. At this point, part of each social security contribution is invested in the financial market and accumulated in the personal account of each member of Tier 2 of pensions. There may be any socially insured member of Tier 2 of pensions.
Participation in Tier 2 of pensions shall be compulsory for those born after 1 July 1971. . In time, all workers will be involved in Tier 2 of pensions e. On the other hand, those born from 2 July 1951 to 1 July 1971 could and may still be joined on a voluntary basis. . If you belong to this age group and have decided to participate in pension level 2, you must address your application to the State Social Insurance Agency.
Funds of Tier 2 of pensions may be managed by investment management companies which are registered in the register of fund managers of the State funded pension scheme, which shall be maintained and updated by the Finance and Capital Market Commission. Each fund manager may offer one or more investment plans.
Choose your pension Tier 2 investment plan responsibly!
In selecting the corresponding investment plan, it is important to have a person's expected period of participation at pension level 2 until retirement in an old-age pension. The longer the time to retirement, the longer the person is able to take on more risks and the second-generation retirement age, the ability to take risks decreases. . Therefore, those with 10 or fewer years to reach retirement age are advised to switch from active to conservative investment plans. Otherwise, members of active investment plans may have to experience very rapid, negative swings in accumulated capital shortly before retirement, which will also have a significant impact on the amount of the expected old-age pension.
In order to choose an appropriate investment plan, fund managers have prepared basic information for each investment plan. . The aim of the basic information is to provide additional information on investment risks and management costs of the Tier 2 pension investment plan in order to make it easier for the participants to choose the investment plan more appropriate for themselves. I. You can get to know the “basic information” of all investment plans here.