Two private pension schemes announced

Two  private  schemes  were announced yesterday as part of the government’s drive to encourage low and middle-income families to take up third pillar pensions.

The  so-called  third  pillar involves making voluntary contributions to private pension fundsthrough which people may opt to top up the State pension.

Yesterday’s announcement by Finance Minister Edward Scicluna came in the wake of amendments to the Social Security Act approved by Parliament last month.

As reported by Times of Malta on Thursday 13th November 14'.