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Old-age pension saving

Together with the old-age insurance (I. pension pillar), the old-age pension saving (II. pension pillar) constitutes the basic pension insurance system.

Participation in the II. pension pillar is voluntary, part of compulsory contributions of the saver (participant of the II. pension pillar) being forwarded to his or her personal pension account that is managed by a pension management company. After the retirement age, the saver will have the option to receive a pension from the II. pension pillar (that is paid by the pension asset management company or a life Insurance Agency), additionally to the old-age pension from the I. pension pillar (that is paid by the Social Insurance Agency).