AT A GLANCE: Extraordinary Savings Selection and the End of Old Funds. What Will the Changes in Pension Savings Bring?
4 Articles
4 Articles
Saving for old age in pension funds will probably change completely from next year. The government has approved and sent its reform to the Chamber of Deputies, which, among other things, includes significant support for young people and a radical change in the method of investment.
The pension savings reform, which was approved by the government on Monday, introduced a new concept – life cycle strategy. It is a complete change in the state's approach – it no longer offers people a guarantee of no loss, as was the case in the old funds in the first twenty years of pension savings, but as...
On Monday, the government of Andrej Babiš (ANO) unanimously approved all proposed changes within the framework of the so-called Better Pension, i.e. reduction of fees, life cycle strategy, savings from the cradle and the termination of unprofitable transformed funds in 2036. According to estimates by the Ministry of Finance and independent economists, this could earn people up to a million crowns more compared to the current pension savings mode…
On Monday, the government approved the biggest change to pension savings since 1994 - the new system should bring up to a million crowns higher pensions for the average client. The key is to have reduced fees, automatic adjustment of investments to the saver's age, and motivation to start saving in childhood with a doubled state contribution. While the government promises a revolution in the motivation to save, pension companies claim that they …
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