How can I withdraw savings from DDS Tatra banky?

You can apply for the payment to which you are entitled in any Tatra banka branch on the prescribed form. The payment procedure takes no more than 60 days from the date of receipt of the complete Application of Payment.

What payments are there in the framework of supplementary pension saving?

DDS Tatra banky provides the following supplementary pension saving payments according to the benefit plan:

• supplementary retirement pension
• supplementary service pension
• lump-sum settlement
• early withdrawal
• severance pay - according to the corresponding benefit plan, unless the client has agreed to the conditions for payment of benefits after 01. 01.2014

When can I start receiving a supplementary retirement pension?

Supplementary retirement pension is paid if:

•  you became entitled to the payment of an old-age pension from the Social Insurance Company,
•  you are entitled to the payment of an early old-age pension from the Social Insurance Company or
•  you have reached the age required to be entitled to an old-age pension from the Social Insurance Company valid in the relevant calendar year.

If you concluded your contract before 1.1.2014 and did not add an amendment to the terms of payment of benefits effective from 1.1.2014, the entitlement to a supplementary retirement pension is regulated by your benefit plan, which is part of your participation contract.

In what form is the supplementary retirement pension paid?

You can apply for the payment of a supplementary retirement pension in the form of a temporary supplementary retirement pension or a lifetime supplementary retirement pension.

• temporary supplementary retirement pension
  is paid monthly for the period you specify in the benefit application, but at least 5 years. If you request a one-time settlement at the same time, our company will pay you no more than 25 % of the current value of the personal account with the first installment, and the balance will be paid monthly for the period specified in the request for benefit payment. 
• lifetime supplementary retirement pension
  If you request the payment of a lifetime supplementary old-age pension and at the same time a one-time settlement, our company will pay you a one-time settlement in the amount corresponding to no more than 50 % of the current value of the personal account and transfer the balance of funds in the personal account to the relevant insurance company chosen by the participant. In this case, it is also necessary to submit a copy of the concluded insurance contract to our company for this purpose.

When can I start receiving a supplementary service pension?

Supplementary service pension is paid if:

• the employer has paid contributions for a risk employee in category 3 or 4, a professional dancer or wind instrument player for at least 10 years and at the same time
• you have turned 55 years of age.

In what form is the supplementary service pension paid?

It is possible to apply for the payment of a supplementary service pension in the form of a temporary supplementary service pension or a lifetime supplementary service pension.

• The supplementary service pension can be paid to you for the period you specify in the benefit application, but at least 5 years.
• If you request the payment of a lifetime supplementary service pension, DDS TB will transfer funds in the amount of the current value of the participant's personal account no later than 30 days from the date of the request for its payment to the relevant insurance company of your choice.

Can I withdraw part of the account and continue saving under the original contract?

Yes, if you become eligible for "early withdrawal".

An early withdrawal can be paid to you at the earliest after ten years from the date of conclusion of the participation contract or after ten years from the payment of the last early withdrawal. You can only request an early withdrawal if you have not yet met the conditions for payment of a supplementary retirement or supplementary service pension. In early withdrawal you will only be paid out of contributions you have paid (not employer contributions). By paying an early withdrawal, the contract does not expire and you continue to save on the original contract. In case of early withdrawal, you are obliged to return the tax relief if you have claimed it.

What benefit am I entitled to if I receive a disability pension?

If you are a recipient of a disability pension from the Social Insurance Company (decrease in working capacity by more than 70 %) and the right to it arose only after the conclusion of the participation contract, you are entitled to a lump-sum settlement (this means that we will pay you the entire value of your account at once). It is necessary to attach a certified photocopy of the decision of the Social Insurance Company on the award of a disability pension to the application for payment.

Why does DDS Tatra banky not pay a lifetime pension?

DDS Tatra banky, a.s. according to the Act on Supplementary Pension Savings does not pay supplementary lifetime pensions. In the event that you nevertheless decide to submit a request for the payment of a lifetime supplementary retirement or service pension and submit an insurance contract concluded with a commercial insurance company, you can also request payment of a one-time settlement up to in the amount of 50 % of the current value of the personal account, which will be paid by DDS Tatra banky and the remaining 50 % of the current value of the personal account will be transferred by DDS Tatra banky to the insurance company selected by it. However, it is important to note that Lifetime Supplementary Retirement Pension and Lifetime Supplementary Service Pension do not become subject to inheritance under the DDS Act.