Pension System in Estonia - Quiz

How many pension pillars does Estonia have?

• 2

• 3

• 4

• 5

The 1st pillar (State Pension) in Estonia is funded by:

• Social tax contributions

• Personal savings

• Income tax

• Employer contributions only

Contributions to the 2nd pillar of the pension system are divided as follows:

• 4% from the individual and 4% from the employer

• 2% / 4% / 6% from the individual and 4% from social tax paid by the employer

• 3% from the individual and 3% from the government

• 5% from the individual and 5% from the employer

The 3rd pillar of the Estonian pension system is:

• Voluntary

• Mandatory for public employees

• Only available to those over 50 years old

• Funded by employers only

Which organization oversees pensions in Estonia?

• Ministry of Finance

• Estonian Tax and Customs Board (EMTA)

• Social Insurance Board

• Ministry of Social Affairs

Can individuals withdraw their 2nd pillar pension savings before retirement?

• No, withdrawals are only allowed after retirement

• Yes, but with tax penalties and restrictions

• Yes, with no penalties

• Only in case of medical emergencies

If an individual withdraws their 2nd pillar pension savings early, what is the tax rate applied to the withdrawn amount?

• 22%

• 10%

• 25%

• 30%

After withdrawing their 2nd pillar pension savings, how many years must an individual wait before they can rejoin the system?

• 1 year

• 3 years

• 10 years

• They cannot rejoin

What happens to an individual's contributions to the 2nd pillar if they withdraw their pension savings early?

• They are no longer required to contribute to the 2nd pillar

• They must continue contributing

• The contributions are halved

• Contributions are transferred to the 1st pillar