Affiliations:
1Department of Public Policy and Theory of Public Administration, Pavol Jozef Šafárik University, Košice, Slovakia
2The Center for Prevention and Counseling, Košice, Slovakia
This study examines the performance of the second pillar of old-age pension savings in the Slovak Republic in 2024, assessing its potential to reduce the risk of poverty in old age. The research is based on secondary analysis of statistical data from official state institutions and private pension management companies, using methods of inferential statistics. The findings indicate that in 2024, the capitalization-based second pillar achieved above-average returns, especially in progressive non-guaranteed funds. The structure of investment also changed significantly: savers allocated up to 64% of their pension savings to progressive index funds, and a total of 72% to all non-guaranteed funds combined, compared with only 28% placed in conservative bond funds. The analysis further revealed statistically significant differences in fund performance across pension management companies. Overall, the results suggest that in 2024, consistent with long-term trends since 2005, the second pillar remains one of the most effective economic, social, and political tools for preventing old-age poverty in the Slovak Republic, despite ongoing economic, political, demographic, and social risks.
Pension savings, Fund performance, Index funds, Old-age poverty, Statistical analysis
https://doi.org/10.21833/ijaas.2025.12.011
Geffert, R., Rovenská, D., & Krajčírová, M. (2025). Second pillar of old-age pension savings in the Slovak Republic in 2024 as a tool for preventing poverty in old age. International Journal of Advanced and Applied Sciences, 12(12), 113–121. https://doi.org/10.21833/ijaas.2025.12.011