OECD Reviews of Pension Systems: Slovenia

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This review provides policy recommendations on how to improve the Slovenian pension system, building on the OECD’s best practices in pension design. It details the Slovenian pension system and identifies its strengths and weaknesses based on cross‑country comparisons. The Slovenian pension system consists of a mandatory defined benefit pay‑as‑you‑go public scheme and supplementary private schemes. The review also describes the first layer of old‑age social protection in Slovenia and discusses possible ways to improve communication about pensions. The OECD Reviews of Pension Systems: Slovenia is the seventh in the pension review series.


First-tier benefits

Slovenia has a low level of income inequality in old age and is close to the OECD averages regarding relative poverty and material deprivation for older people. Old-age poverty is particularly concentrated among older people living alone. The levels of both the minimum pension and safety-net benefits for older people are relatively high in international comparison, although the coverage rate of the safety net is low. This is likely a result of the obligation of family members to provide support. The old-age safety net and the pension scheme are not sufficiently co‑ordinated, with safety-net eligibility thresholds currently exceeding the minimum pension after a full career and with differing eligibility ages for women. Moreover, part of the old-age safety-net benefits is only available to people who are not in paid work, which discourages eligible people from engaging in formal employment.



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