Reform AgreementReform Agreement • June 16th, 2016
Contract Type FiledJune 16th, 2016On August 12, Estonia’s coalition government reached an agreement to make the country’s individual account pension program voluntary and increase benefits under the social insurance program. If approved by parlia- ment, current individual account program participants would be able to opt out of the program and transfer their account balances to personal pension accounts; employer contributions for those who opt out would be diverted to the social insurance program. (Parliament is expected to draft legislation this fall with the aim