Saving for a Pension

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Supplementary pension insurance
lets you save for the future.

Saving under supplementary pension insurance is more flexible than life insurance, safer than
investment funds and yields better returns than saving in a bank.
It is also the only form of saving that is encouraged by the State (Republic of Slovenia)
with significant tax breaks (tax relief).
Below, you can calculate how much you can save for your secure future.

30 € 500 €
18 yr 75 yr

The calculation yields indicative information on the expected amount of the annuity based on certain assumptions and is neither binding on nor guaranteed by Modra More ...

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Save as and when you can

You decide how you will save. You can change the amount you pay in at any time. You can pause your saving at no cost and start again when you are able to.

Your savings are paid out after you retire

The saving period lasts until the day you retire. That is when the savings begin to be paid out in the form of annuities.

Calculation of supplementary pension

No extra work for you

Experts at Modra will be there for you and will manage your account from the time you start saving to the time you retire. We tailor the saving plan to your age and thus decide on suitable investments. You can also monitor your savings yourself on the e.Modra web portal.

Sign in to e.Modra

You can personally influence the profitability

Once a year, you can choose another sub-fund for saving if you believe it will be more suitable for you. If you are over 50, certain age restrictions apply.

About the Life-Cycle Pension Fund

How does saving work?

1

PAYMENT

When you start saving in a supplementary pension insurance scheme, you open an account in a life-cycle pension fund managed by Modra. Your savings accumulate in this account and grow along with the returns.

2

GROWING YOUR SAVINGS

The Modra life-cycle pension fund consists of three sub-funds: dynamic, prudent and guaranteed. They are adjusted according to your age and range from dynamic to guaranteed.

3

SAVINGS PAYOUT

When you retire, you start receiving payouts of your savings in the form of an annuity that best suits your plans. You receive it for the rest of your life and spend it on the things that mean the most to you.

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Merge all of your savings.

If you hold pension savings with another provider, you can easily transfer them to Modra.

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Life-Cycle Pension Fund

A fund that grows with you and adapts to the demands of your life and your ability to save. It provides you with tailored savings investments based on your age and risk appetite. As the saver ages, the savings move through different sub-funds: dynamic, prudent and guaranteed, thus achieving optimal returns over the long-term. Switching between sub-funds is also up to you (depending on your age). Sub-funds with different investment policies adapt to you and provide higher returns at a time when retirement is still far away and high security of savings in the period before retirement.

We make sure your savings are safe

Dinamični podsklad

Expected
annual return
6,70 %
Financial structure of investments

Preudarni podsklad

Expected
annual return
5,90 %
Financial structure of investments

Guaranteed sub-fund

Expected
annual return
3,40 %
Financial structure of investments
Modra manages two life-cycle pension funds:
Life-Cycle Pension Fund (Modri krovni pokojninski sklad)
for private sector employees
Civil Servants Life-Cycle Fund (Krovni pokojninski sklad javnih uslužbencev)
for civil servants
AN IN-DEPTH LOOK INTO OUR FUNDS

Pension funds:
Modra manages two life-cycle pension funds: Life-Cycle Pension Fund (Modri krovni pokojninski sklad) (for all private sector employees and the self-employed) and Civil Servants Life-Cycle Fund (Krovni pokojninski sklad javnih uslužbencev) (for all civil servants) and a closed pension fund (First Pension Fund).

We make sure your savings are safe

We manage EUR 2.2 billion in assets

We are among the largest asset managers in Slovenia. The funds we manage grow with each and every year. Our capital is also growing. The high guarantee capital allows us to easily ensure guaranteed returns and the payout of agreed annuities. Your savings are safe from economic fluctuations and crises across the long-term horizon.

As of 2023, the fund has been managed by Primož Cencelj, CFA.

In 2012, he obtained the title of CFA, which was followed by an MBA from the IESE Business School in 2022. He was named the best Slovenian manager as many as three times: 2014, 2016 and 2018. In 2020, he was named the best manager of the decade.

Saving with us is a long-term arrangement.
You are just a few steps away from starting your savings building journey.

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More than 315.478 savers are already saving with us.

Contact us
080 23 45 info@modra.si Digital branch
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