dôchodkové

The term "dôchodkový" is an adjective in Slovak language that relates to pensions or retirement benefits. It is commonly used in financial and social contexts to describe anything connected to pension systems or retirement income. The word derives from "dôchodok," which translates to pension or retirement in English.

In Slovakia, the "dôchodkový systém" refers to the pension system that provides financial support to retired individuals. This system typically consists of multiple pillars including a mandatory public pension scheme, supplementary private pension funds, and voluntary savings plans. The "dôchodkový vek" denotes the retirement age, which is the age at which individuals become eligible for pension benefits.

The term "dôchodkový príspevok" refers to pension contributions made by employees and employers during their working years. These contributions fund the pension system and ensure that retirees receive financial support. The amount of pension benefits typically depends on the length of employment history, contribution amounts, and retirement age.

Pension reform discussions in Slovakia often focus on the sustainability of the "dôchodkový systém" due to demographic changes and an aging population. Various proposals aim to adjust contribution rates, retirement ages, and benefit formulas to ensure long-term viability of the pension system.