A bit more than a hundred thousand people in Estonia or a sixth of potential investors decided to increase their second pension pillar payment size, LETA/Public Broadcasting reports.
106,118 people out of 619,578 people could submit the corresponding application by Sunday, Pension Centre statistic indicate.
Regarding fund managers, the figures were rather different: in LHV and Nordea, almost 21% of investors decided to increase the payments while in Ergo insurance it was just 8.5%. In Swedbank the share was 19.3%, in Danske 14.6% and in SEB, 11.5%.
In 2009, the second pillar pension share payments by the state to all pension collectors were suspended. People could then submit an application to continue to pay their share, 2% of the wage, while the state's share was still scrapped. The campaign that ended on Sunday was important for those, who didn’t continue the payments. They needed to submit an application to raise their share payment to 3%, so that the state would pay 6% on top of that for them to the pension fund.
Those that continued their payments during the economic crisis, will get a payment of 6% of the person's gross wage to the second pillar for the next four years but people can raise their own payment by 1% to 3% too.