The State funded pension scheme or pension level 2 is part of the State pension system. . It aims to increase the provision for old-age pensions by investing part of social security contributions in the financial and capital markets – securities and bank deposits s.
The SSIA shall ensure:
- cooperation with private fund managers in the management of Tier 2 pension capital;
- the maintenance of the accounts of members of Tier 2 of pensions;
- the addition of accrued pension capital to a Tier 1 pension or transfer to an insurance undertaking with which a member has entered into a contract for life pension insurance;
- 's accrued pension capital according to the choice of member in the event of his death.