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Pension system

Pension (Latin: pensio, pay) is a regular payment made in case of old age, incapacity for work or loss of provider.

The aim of the Estonian pension system is to help people to maintain their standard of living and monthly income when they retire.

The Estonian pension system stands on three pillars:

I pillar: State pension
II pillar: Mandatory funded pension
III pillar: Supplementary funded pension

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