Temporary suspension of II pillar contributions
From 1 July 2020 to 31 August 2021, the state will suspend the contributions it makes to the second-pillar funded pension from social tax (4% of salary).
* People born in the years 1942–1960 are the exception:
- From 1 July 2020 to 31 August 2021, the 4% contributions made from social tax into these individuals’ second-pillar funded pensions will not be suspended and they will continue to be made as usual.
- They can however suspend their 2% and the state’s 4% contributions to the second-pillar funded pension by submitting an application in October 2020 requesting that the payments not be made.
For more information: Temporary suspension of contributions 2020
Submit an application: Enter your account
NB! To finalize the application, please return to the website of the Pension Center after making the payment in the Internet Bank! There is a fee of 0.65 euros for submission of the application.
| Dates | Changes |
| 01.07.2020-31.08.2021 | The 4% contributions made from social tax for all persons who have subscribed to the funded pension will be suspended, other than for people born in the years 1942–1960*. |
| 01.10.2020-31.10.2020 | Submission of application requesting that contributions not be made, whether to waive making one’s 2% contribution from earnings. In this case 2% payments will be suspended from 1 December 2020 to 31 August 2021. The application is to be submitted at the Pension Centre or a bank. People born in the years 1942-1960 can also submit the application*. |
| Starting 1 November 2020 | The employer will verify whether the contributions for its employees to the funded pension will be suspended or continued. |
| 01.12.2020-31.08.2021 | Application submitted – the 2% contribution may not be withheld from the employee’s salary. Application not submitted – the 2% contribution is withheld as usual. |
| Starting 1 January 2023 | Compensation of payments. Additional 4% transfers will take place from the state to people who continued the 2% contributions. The amount of contributions made by each person from 1 July 2020 to 31 August 2021 will be considered. Contributions were not suspended for people born in the years 1942-1960 and compensation of payments will not take place in their case*. |