Basic (07-14)
GN 01753.010 Overview of the Slovak Social Security System
The Slovak social insurance system provides old-age, early retirement, survivors,
orphans, and disability benefits. The Slovak system is a three-pillar program:
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The first pillar is a mandatory defined benefit pension financed on a pay-as-you-go
basis.
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The second pillar is a fully funded system with contributions invested in individual
pension funds.
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The third pillar is a voluntary tax-deductible savings arrangement for employers and
their employees.