4 Chair Yellen brought the subject of economic disparities to the forefront of our conversations, consistently emphasizing the importance of an economy that works for everyone.
The first pay-as-you-go pillar fulfils the role of full merit and the second capitalization pillar fulfills the role of pension savings; both of which will be obligatory. The third supplementary pillar fulfills the role of additional pension insurance choice. The objective of this reform is to adjust the system to demographic changes and to changing features of the society.