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:

  • The first pillar is a mandatory defined benefit pension financed on a pay-as-you-go basis.

  • The second pillar is a fully funded system with contributions invested in individual pension funds.

  • The third pillar is a voluntary tax-deductible savings arrangement for employers and their employees.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0201753010
GN 01753.010 - Overview of the Slovak Social Security System - 07/28/2014
Batch run: 07/28/2014
Rev:07/28/2014