Parliament approves first reading of pension law amendments

Parliament has approved at first reading proposed amendments to the legal framework governing mandatory and voluntary capital‑funded pension insurance, clearing the way for further parliamentary scrutiny. Lawmakers said the proposals are acceptable and can proceed to the next stage of the legislative process.

What passed and what it means

The changes concern rules that regulate how the pension system operates — specifically the legislation that governs the management of individual pension savings held in mandatory and voluntary capital‑funded pension schemes. The first reading authorisation does not mean the measures are final or that pensioners' rights, contribution rates or eligibility conditions have changed.

During the next phase, MPs will examine the draft provisions in greater detail and may table amendments. The final content of the laws will depend on the outcome of those debates and the result of the final votes, and any practical effect on savers will hinge on the specific wording and the entry‑into‑force dates set in the adopted texts.

Alongside the pension bills, Parliament also advanced a draft amending the law on the Deposit Insurance Fund. That proposal likewise passed the initial parliamentary stage and will be reviewed further before any new rules for depositors are introduced.

Other legislative proposals discussed in the same part of the sitting — including measures related to agriculture and rural development — were also forwarded for continued consideration, meaning several initiatives now move forward in the procedure.

For members of the mandatory and voluntary pension funds and other citizens considering additional pension saving, the crucial distinction remains between approval to continue work on a bill at first reading and its final adoption; only the latter produces binding legal changes.

Photo: press material from the event