Supplementary Pension Insurance

Voluntary participation

• All persons insured in the statutory pension and disability insurance scheme.

General finances

• Fully funded personal pension plans based on contribution payments and capital revenues.

Contribution payments

• Individual insurance: insured persons provide contribution payments and decide upon the amount individually.
• Collective insurance: contribution payments paid by employer and employee (proportions vary).

State support

• Individual insurance: contribution payments up to 5.84% of gross wage per year (or up to EUR 289 per month and EUR 2,819 per year) are deducted from the personal income tax base and are subsequently returned in the amount of up to EUR 1,410 (higher monthly contributions do not lead to a higher tax return).
• Collective insurance: employers’ contribution payments are recognised as expense deductible from the tax base (up to certain amounts).

• Pension funds, established and run by pension plan providers (banks, insurance companies, etc.).
• Different specialised agencies and the Bank of Slovenia supervise the private pension schemes, carry out monitoring and issue decisions in case of violations (e.g. on temporary suspension of fund management authorisation, revocation of fund management authorisation).

• Based on entitlement to early or old age pension from the statutory pension and disability insurance scheme.
• Early claiming of pension benefits: available after reaching age 53 if one is no longer subject to mandatory insurance in the statutory pension and disability insurance scheme.

Pension payment

• Accumulated capital through contribution payments and investment yields, minus administrative costs and costs/fees of pension provider.

Taxation and social security contributions

• Payments are subject to taxation, with tax rates depending on the amount of income, with tax reliefs in place.
• Pension payments are not subject to social security contributions