What is difference between group and individual participation? Does group or individual participation provide additional advantages for me?
As transaction costs of group agreements are lower than of individual agreements, pension companies determine lower cost charges for group agreements. Additionally, even in the case of group enrollment in the system, the savings of all participants are tracked on separate accounts and therefore if they decide to leave the group they can individually remain in the system.
The pension agreement goes into effect as of the date the contribution payment or the entry fee is transfered to the company accounts.
All deductions that can be applied within the Private Pension System are determined by the upper limits in the Private Pension Legislation.