engleski

Croatia: Government remains committed to second pension pillar in face of public debate

Since 2002, the Croatian pension system consists of three pillars. However, every few years there is a recurring policy debate questioning the need for the second pension pillar, which is a mandatory fully funded defined contribution scheme. The Government recently proposed amendments to the second pillar, suggesting it is committed to keeping it, even in the face of costs, adequacy concerns and financial market risks.

Croatia, pension, second pension pillar, funded pension

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