In the Autumn of last year, the Slovak Parliament approved fresh reforms in their pension system, where contributions to the individual accounts of the second pillar were reduced, and a window was opened for employees to return to the traditional  pay-as-you-go first pillar. 

The move, orchestrated by the left wing Smer Party, who won a landslide victory at the general election in March last year, has been heavily motivated by the government’s wish to untie the austerity b...

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