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Old-age pensions

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Social Insurance Agency Expenditures

EUR mil. Per capita Per working person Annual change
Expenditures of Funds 6 528,5 1 207 2 787 3,2%
Old Age Insurance Fund Expenditures 4 992,7 923 2 131 4,9%
Disability Insurance Fund Expenditures 901,5 167 385 2,5%
Sickness Insurance Fund Expenditures 399,4 74 170 -8,3%
Accident Insurance Fund Expenditures 44,3 8 19 2,5%
Unemployment Insurance Fund Expenditures 174,3 32 74 -0,8%
Employer Insolvence Insurance Fund Expenditures 16,3 3 7 -51,3%
Administration of Social Insurance Agency 124,8 23 53 10,8%
Revenues of Funds (current year) 5 734,6 1 061 2 448 15,7%
State Budget Subsidy 673,5 125 287 -52,2%
Total loss / surplus (-/+) -245,1 -45 -105 n.a.
Transfer of Contributions to Capital Funds (II. Pillar) 413,6 76 177 -48,6%
Subsidy without II. Pillar Effect 259,9 48 111 -56,9%
Loss / surplus without Subsidy and II. Pillar Effect (-/+) -505,1 -93 -216 n.a.

Table description

Social Insurance Agency pays benefits to citizens who are entitled to them. Lack of income of the Agency caused by the payments flowing into the accounts of savers in the private pension funds (second pillar) is subsidised by the government state assets. Expenditures on retirement pensions are so high today that the loss would occur even in the case of non-existence of the second pillar. Item loss/surplus shows this difference. It is counted only as an income in the current year (surpluses from the previous years are not included).