Information on transfer options from/to abroad

Options of transferring the participant's property from/to a foreign employee pension company from 1 January 2019.

In order to improve the transferability of employees' pension savings, within the framework of supplementary pension saving in Slovakia, from 1 January 2019, the possibility of individual transfer of the participant's property from the supplementary pension saving system to a foreign employee pension company is being introduced, if the performance of gainful activity on the territory of the Slovak Republic ends and leaves to work in another Member State.

It will also be possible for a member of a foreign employee pension company to transfer his pension rights to a supplementary pension company in Slovakia if he requests such a transfer. The condition is that he has concluded a participation contract, either from the past or he will conclude a new one.

The transfer of pension savings will only be possible between employee pension companies registered in the database of the European Supervisory Authority (European Authority for Insurance and Pension Insurance of Employees), i.e. j. institutions that are subject to the regulations of Directive (EU) 2016/2341. These are the member states of the European Union, the Republic of Iceland, the Principality of Liechtenstein and the Kingdom of Norway. You can find the list of registered countries here.

A transfer from/to a foreign employee pension company can be requested in writing at a branch of Tatra banka, a.s.

The application for transfer to a foreign employee pension company must be accompanied by:

• A copy of the participation contract with the employee pension company
• Evidence of the termination of the employment relationship or a similar relationship on the territory of the Slovak Republic
• Proof of performance of gainful activity on the basis of an employment law or similar relationship abroad

A prerequisite for making an individual transfer from abroad to a supplementary pension company is the approval of such a transfer by the employee pension company, which may require the fulfillment of conditions in accordance with the law of its home Member State.