Draft law amending the Collective Pension Schemes Act and other laws (464 SE) - second reading
Session: 15th Riigikogu, 4th session, plenary sitting
Date: 2024-11-06 17:31
Total Speeches: 3
Membership: 15
Agenda Duration: 2m
AI Summaries: 3/3 Speeches (100.0%)
Analysis: Structured Analysis
Analysis
Summary
As agenda item six, the draft law amending the Mandatory Occupational Pension Act and other laws (bill No. 464) was discussed for its second reading. Member of the Finance Committee, Priit Lomp, presented an overview of the bill's processing in the lead committee. It emerged that no amendments were received by the deadline, but during the consultation process, the Banking Association submitted an opinion concerning non-transferable financial assets located in a pension investment account (PIK). Based on this, the Ministry of Finance submitted one amendment, the wording of which also suited the Banking Association. The bill focused on the conditions for leaving the second pension pillar, emphasizing that upon leaving, all investments must be realised independently, except in exceptional cases, such as when the financial asset issuer is bankrupt. The lead committee reviewed the submitted amendment, decided to fully take it into account, and made a unanimous proposal to conclude the second reading of the bill.
Decisions Made 2
The amendments proposed by the Finance Committee were fully taken into account.
Bill 464's second reading was concluded.
Aseesimees Toomas Kivimägi
AI Summary
We have reached the sixth item on the agenda, and we are considering the government-initiated bill No. 464 amending the Funded Pension Act and other laws, in its second reading, whose rapporteur is Priit Lomp, a member of the Finance Committee.
Priit Lomp
AI Summary
Priit Lomp informed that the Finance Committee discussed Draft Bill 464 on October 22; by the deadline no amendment proposals had been submitted, the banking alliance gave its opinion on amending the bill, and the Ministry of Finance's proposal was suitable; Kertu Fedotov explained again the conditions for leaving the second pillar and the pension investment account, and the committee fully took into account the leading committee's proposal, and the vote was unanimous.
Aseesimees Toomas Kivimägi
AI Summary
Vice-Chairman Toomas Kivimägi thanked for the presentation, informed that negotiations are moving forward with an amendment proposal from the Finance Committee, which the lead committee wishes to take fully into account, and the second reading of Bill 464 has been completed.