Estonian pension system overview
Pension (in Latin: pensio) is a regular cash payment in case of old age, incapacity for work and loss of a breadwinner.
The aim of the Estonian pension system is to help people maintain their current standard of living and monthly income when they retire.
The Estonian pension system is based on three pillars:
- I pillar: State pension
- II pillar: Mandatory funded pension
- III pillar: Supplementary funded pension