IMF recommends for Estonia to retain mandatory contributions to 2nd pillar fund

  • 2019-11-29
  • BNS/TBT Staff
A delegation of the International Monetary Fund, which was in Tallinn on a two-week, has advised against making contributions to the second pillar pension fund voluntary, the position is also supported by the Bank of Estonia. "Assessments by the Bank of Estonia and IMF are similar. The first and second pillars complement each other and are essential in a state with an ageing population. The savings of 700,000 people are currently at stake. If there are many people leaving [the second pillar], the pension assets of those remaining will likely decrease," Estonian ...
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