The Minister of Labor Milan Krajniak presented a proposal for the reform of the second pension pillar. It should give savers a chance for a higher pension. The proposal also includes a default investment strategy for new savers and a gradual shift of the savings of savers affected by the Fico government’s intervention in 2013 from bonds to shares, if they do not refuse. The payout phase will also change. The one-off withdrawal will be abolished and the first 10 years of retirement DSS will gradually pay half of the pension savings to savers. In index funds, the income fee will be abolished and in all funds the account management fee. In the second pension pillar, index and equity funds have been earning the most for a long time. However, more than half of savers have all their savings in guaranteed bond funds. Following the Fico government’s decision in 2013 to transfer all pension savings to guaranteed funds, most savers have not done anything about it so far. After two years of government in the current four-party coalition, Labor Minister Milan Krajniak has proposed a reform that should remedy this situation. Krajniak’s proposal is largely based on what the government has been recommended for years by, for example, experts from the Institute of Financial Policy and the National Bank of Slovakia. Krajniak has previously said that the pension reform will be approved at the June meeting. In order to read you need at least a standard subscription. Are you a subscriber?