Analysis of Saving on Pension

AbstractIn Slovak Republic we have had pension system of three pillars since 2005. The system goes through frequent changes. The third pillar represents supplementary pension insurance and it is neglected. The aim of this paper is compare saving in the third pillar with saving on a savings account of selected bank and find out advantages and disadvantages of the third pillar. There can be two cases based on the results of analysis. The first possibility is that savings account is more profitable, so it is necessary to suggest how we can improve conditions in the third pillar. The second possibility is that the third pillar is better for saving for pension and in this case is necessary to suggest a better propagation, that most of the population has been motivated to use the third pillar