You might also be interested in: Supplementary Pension
For those articipants of the 2nd
pillar pension accumulation system who have participated in the 2nd
pillar pension accumulation process until 2018 12 31, the state social insurance old-age pension is reduced proportionally according to the procedure established by the Law on State Social Insurance Pensions
. Luminor does not guarantee the profitability of pension funds. Previous results do not lead to further successful results. The value of units of invested pension funds is changing, which means that they can recover less than was invested. Please note that the II Pillar Accumulation Agreement may not be terminated unless this Agreement is concluded for the first time, and the Participant is entitled to terminate it unilaterally within 30 calendar days of the conclusion of the agreement, after having notified the pension management company in writing.