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The funded pension contribution rate has stayed at 2 percent since the so-called second pillar instrument was first introduced. The Ministry of Finance has now sent out for coordination a bill to allow people to save more in the future.
The Pension Center (Pensioonikeskus) started transferring money to the people leaving the so-called second pillar of the national pension system, and most of the 12,236 leavers should be seeing the money hit their accounts today. In total, €94.6 million is being disbursed.