Supervision over the pension fund management companies in the Slovak Republic
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The system of pension savings provision was redesigned in Slovakia in 2003. The consideration of the development trends of the population created the necessity for the reform of the "one - pillar system" based on the principle of pay as you go and the intergenerational solidarity, whereby in this reform, the idea of the transfer of the responsibility for material security in the pension - age from the state to the individual has been implemented. Currently there exists a so-called "three - pillar system". In the “second -pillar”, representing the old-age pension savings, the pension fund management companies are operating. They are under the supervision of the National bank of Slovakia. The article focuses on chosen specific aspects of supervision over the pension fund management companies.
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