Social Insurance Agency Expenditures |
EUR mil. | Annual change |
|---|---|---|
| Expenditures of Funds | 6 789,8 | 3,7% |
| Old Age Insurance Fund Expenditures | 5 159,9 | 4,9% |
| Disability Insurance Fund Expenditures | 943,4 | 1,7% |
| Sickness Insurance Fund Expenditures | 438,2 | -1,4% |
| Accident Insurance Fund Expenditures | 45,8 | 1,2% |
| Unemployment Insurance Fund Expenditures | 183,4 | -6,2% |
| Employer Insolvence Insurance Fund Expenditures | 19,2 | 6,8% |
| Administration of Social Insurance Agency | 106,0 | 1,0% |
| Revenues of Funds (current year) | 5 865,9 | 4,6% |
| State Budget Subsidy | 1 062,0 | 33,8% |
| Total loss / surplus (-/+) | 32,1 | n.a. |
| Transfer of Contributions to Capital Funds (II. Pillar) | 431,7 | 11,1% |
| Subsidy without II. Pillar Effect | 630,3 | 69,8% |
| Loss / surplus without Subsidy and II. Pillar Effect (-/+) | -598,2 | n.a. |
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).