Second pension pillar has disappointed so far

The Finance Ministry’s Financial Policy Institute (IFP) has commented on the first old-age pension paid out form the so-called second pillar. Beginning January 2015, all people who have reached or who are going to reach 62 years before the beginning of 2015 and saved money in the so-called second pillar can begin drawing money from their private pension savings for the first time. Three insurers who obtained licenses are paying out the pensions.