Raiffeisen Mandatory retirement savings

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Raiffeisen Mandatory retirement savings
The mandatory pension insurance on the basis of the individualized capitalized savings is governed by the Mandatory Pension Funds Act (The Official Gazette 19/2014) and the ordinances for its implementation.


The insured persons that are insured in the system of the mandatory pension insurance on the basis of generation solidarity according to the Pension Insurance Act and those who are younger than 40 years must be insured on the basis of the individual capitalized savings in the pension fund which they select themselves and become its members, whereby the insured person may become a member of the A category pension fund, if until the date of retirement (reference day) over 10 years or more remains, and a member of the  B pension fund, if 5 or more years remains until the reference day. The insured person may become a member of only one pension fund and have only one account in that pension fund.

The insured persons are obliged to pay the contributions for the mandatory pension insurance for which they carry out the payment obligation is carried out by the contributors. The rates of the contribution for pension insurance on the basis of the individualized capitalized savings are determined by the Contributions Act and amount to 5% of the gross salary. The collected assets of the contributions are paid to the Central Registry of Insured Persons (REGOS) which distributes them to pension funds in accordance with the Act which governs the operation of REGOS.

Companies for mandatory pension funds management manage the collected assets in the way as it is stipulated by the Mandatory Pension Funds Act.