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Funded Pension Plans Gain 591 245 Members; Value of Funds Totals MEEK 14 308

2008

Tallinn Stock Exchange and Estonian Central Securities Depository financial results for 2007
Estonian pension fund fees sharply above international average
The state pension will increase by one fifth in April
Investments into the third pension pillar increased

2007

Hansa Pension Fund K3 was awarded the title of best in Europe
Upon succession of pension, transfer of units as well as monetary payments is possible

Estonian CSD opened Funded Pension website – Pensionikeskus

04.03.02

On March 4, the Estonian Central Depository for Securities in co-operation with the Ministry of Finance opened a public website Pensionikeskus for introducing the funded pension of Estonia at the address www.pensionikeskus.ee.

The website provides answers to the main questions related to the pension system, focusing on the funded pension or the so-called “second pillar” of the pension system.

The website will also provide information about all competing funded pension funds. Information about pension funds will be published on current basis immediately after registration of the funds and fund rules by the Financial Supervisory Authority.

From 1st May of 2002 it will be possible to make choices of pension funds and submit subscription applications through the website.