Different ways of using second pillar savings in Slovakia

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Igor Melicherčík Nikoleta Podstrelená Gábor Szűcs


Recently, first pensions have been paid from the savings corresponding to the second pillar of the pension system in Slovakia. The paper emphasizes that the advantage of the second pillar cannot be assessed solely using the level of pensions paid. Its strength lies in the number of alternatives it offers. Based on calculations, we have analysed benefits of various alternatives in different circumstances. At present, the need for a long-term care in the case of dependency is a common problem. Most pensioners do not have means to cover the associated costs. We present our own model of the long-term care insurance as well as the replacement rate it could provide.

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Melicherčík, I., Podstrelená, N., & Szűcs, G. (2020). Different ways of using second pillar savings in Slovakia. Proceedings Of The Conference Algoritmy, , 249 - 258. Retrieved from http://www.iam.fmph.uniba.sk/amuc/ojs/index.php/algoritmy/article/view/1595/844


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