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The pension system of Estonia consists of three pillars: the first pillar or state pension, the second pillar or mandatory funded pension and the third pillar or supplementary funded pension.
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Pension Centre website
Social Insurance Board
website
Pension home page
SEB Pension Plan
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The first pension pillar
The goal of the first pension pillar or state pension is to guarantee that all pensioners receive a pension on which they can subsist. Its estimated amount is about a quarter of the salary you earned before you retired.
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The second pension pillar
The second pension pillar gives you the option to secure a better retirement for yourself. Your pension will equal approximately one half of the salary you earned before you retired if you join the mandatory funded pension.
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The third pension pillar
It is important to save more money in the third pension pillar or voluntary funded pension if you want to maintain your current standard of living after you retire. The third pillar will help you to main approximately 70% of the income you earned before retiring.
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Pension system of Estonia
Contact
Prior to the conclusion of each financial service agreement, we advise you to examine thoroughly the service conditions and if necessary, consult a bank officer.
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