Slovakia's Social Insurance Pension Forecasts Reveal Major Funding Gap

The Slovak Social Insurance (Sociálna poisťovňa) has sent personal pension projections to about 3.5 million people, covering three scenarios—basic, optimistic and pessimistic. The agency stresses that these figures are informational only and not guaranteed, as future pension amounts will depend on legislation that may change before retirees reach retirement age.

State auditors note that the pension system already requires substantial transfers from the national budget. In 2025 the projected deficit was €2.75 billion, with total old‑age pensions surpassing €10 billion. The Council for Fiscal Responsibility estimates that pensions account for 36 % of the public‑finance sustainability problem, creating a gap of roughly 5.5 % of GDP—about €8 billion.

The reports underscore the long‑term fiscal strain on Slovakia’s pension scheme and the uncertainty faced by future retirees.