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INFLUENCE OF PENSION REFORM IN SLOVAKIA
Abstract
Pension insurance belongs among the most important areas of social security. In 2004, a new pension system has been introduced in Slovakia. The system before the pension reform was characterized by a great deal of solidarity. Since 2004, the government has tried to place the responsibility of the future income of old-age pensions on workers/inhabitants themselves. Even the last modification of the pension system attests the unpopular and superficial solution of this important topic. There are several options to secure a dignified income in the old-age, via not only mandatory levy to the social system and savings but also in the form of suitable financial investments. The point of this article is to reconsider not only changing position of population to their future old-age pension but also to reconsider the government approach to the improvement of redistribution of old-age pensions mainly equity-wise. The government is supposed to be actively supporting the labor market, raising the living wage, which also affects the other factors necessary for the calculation of pensions. At the same time it would be appropriate to introduce the so-called indexing of the population over the productive age by performance and benefit for society.
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