According to a draft emergency ordinance, new legislative measures are being considered for voluntary pension funds and occupational pension funds in order to create/enhance competition between potential fund managers, which could also lead to higher returns for taxpayers.
It is proposed, inter alia:
- elimination of the criterion for voluntary pensions which required a minimum of 90 monthly contributions;
- removing the contribution limit (currently a maximum of 15% of gross monthly salary income);
- from an occupational pension perspective, the removal of the restriction that a person may not contribute more than one third of their gross monthly salary, and the restriction that total contributions may not exceed half of net monthly salary.