Additional contributions to the second pillar of the pension system
In addition to parental and family benefits, the state supports parents upon saving for pensions with the so-called parents’ pension. This means that payment of additional contributions to the mandatory funded pension (the second pillar of the pension system) can be applied for when raising a child born on 1 January 2013 and later. Making additional contributions provides the possibility to increase the second pillar pension receivable in the future.
Contributions to the second pillar of the pension system are made to a parent who has joined the mandatory funded pension system. One of the parents has the right to the contributions as of the birth of the child and the contributions shall be paid until the child attains 3 years of age.
The state shall pay a parent, spouse of the parent, legal guardian or foster parent 4% of the average national remuneration per child to the second pillar of the pension system. If more than one person has the right to apply for contributions with respect to a child, they shall agree on the person who shall use the right to the contributions.
The application form is available in the Client Services of the Social Insurance Board and on the website of the Social Insurance Board. The application must be submitted to a Client Service of the Social Insurance Board or digitally signed and sent to the e-mail address of the Social Insurance Board email@example.com.
Additional contributions shall be made as of the date of the birth of the child if the application has been submitted within six months. The application should therefore be submitted within six months as of the birth of the child. Contributions can be made post-factum upon later application, but for no more than the six calendar months that precede the submission of the application.