Finance Minister Andrej Šircelj and State Secretary Peter Papež |Author Ministry of Finance

The main objectives of the draft act are to:

The main solutions proposed in the draft act are as follows:

The essence of the draft act is to ensure that the Fund has the largest possible asset base, as this is the only way to create sufficiently large additional and permanent sources for the growth of the Fund’s assets and to achieve the highest possible returns, without unnecessary duplication of functions and costs arising from the current larger number of managers of similar state assets. This will also establish a unified, transparent, secure and more efficient system of corporate governance of state-owned companies.

Such a method of managing state assets will enable the Fund to perform its core function effectively, namely co-financing the pension fund and thereby easing the burden on the state budget, so that other social, development, investment and state policies can continue to be implemented smoothly.

Since demographic challenges concern all generations, the use of the Fund’s resources will be based on general intergenerational solidarity, involving both younger and older citizens. The draft act therefore provides for mechanisms for the accumulation of the Fund’s assets, payments into the pension fund, the provision of resources to co-finance policies for older people, and the provision of resources for family policy measures.

Interested members of the public may submit comments and responses to the draft National Demographic Fund Act via the eDemocracy portal by 21 July. The Ministry of Finance will carefully examine all comments and proposals received.