It depends on who is (will be) your further employer.
If you continue working in a public sector, your new employer will continue paying monthly premiums for you (in KPSJU fund) on the same personal account. The height of the premium paid by the new employer depends on whether you started working for the new employer after intermediate interruption or not. In case of intermediate interruption, you are entitled to the lowest premium.
If you start working in a private sector, you have various options:
- If your new employer doesn’t provide collective supplementary pension insurance, yet you wish to continue saving for your old age in the Modra zavarovalnica pension funds, you can enter the MKPS Fund individually or inform your employer of your desire for collective supplementary pension insurance under the MKPS scheme. MKPS is a pension fund, similar to KPSJU fund.
- If your new employer doesn`t provide collective supplementary pension insurance and you have no desire to pay premiums individually, your KPSJU supplementary pension insurance policy will lie dormant. This means that you will be able to receive the additional pension after your retirement. The sum of the premiums you paid in individually can be obtained at any time. The assets collected will continue to increase in value pursuant to the Fund's rate of return.
- If your new employer provides supplementary pension insurance at Modra zavarovalnica, you will be included in the pension scheme under the new pension fund (MKPS fund). The policy or account accruing the premiums paid in under the KPSJU scheme can lie dormant or you can decide to transfer your assets to the new pension fund.
- Even though your new employer provides supplementary pension insurance at a competitive company, your supplementary pension insurance policy at Modra zavarovalnica can lie dormant. This means that payments are suspended, while the assets collected will continue to increase in value pursuant to the rate of return. The alternative is for the assets collected under the KPSJU scheme to be transferred to the other pension insurance provider; however, you lose the special saving benefits in the KPSJU Fund, namely the substantially lower costs of management.