Help & Advice

What is a pension contract?

A pension contract is an agreement between the company and the participant, and, if available, the person who wants to draw up a contract on behalf of the participant, which regulates the principles regarding the participant's voluntary enrollment in the Private Pension System based on specified contribution terms, departure from the system, qualification for retirement, payment of the contributions, tracking of these contributions in private pension accounts, channeling the contributions into investments in funds, payments to be made to the beneficiaries and other rights and obligations of the parties.

  1. How does the system work?

    To enroll in the Private Pension System, you may enter into an agreement with any pension company you wish.

  2. When does the private pension agreement go into effect?

    The pension agreement goes into effect as of the date the contribution payment or the entry fee is transfered to the company accounts.

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