STATUTE

of the Association of supplementary pension companies

Article I

Name and registered office of the Association

  • Interest group named Association of supplementary pension companies (hereinafter referred to as the “Association” only).
  • The registered office is in Trnavská cesta 50/B, 821 02 Bratislava
  • The interest group is founded for the indefinite period of time.
  • The Association of supplementary pension companies is the interest group of legal entities pursuant to Article § 20f and ff. of the Civil Code as amended.

Article II

Scope of activity

The scope of Association’s activity is protection of interests of supplementary pension companies in the Slovak Republic that is based mainly on:
  • Initiation and enforcement of common interests of supplementary pension companies in amendment of legal regulations related to supplementary pension saving;
  • In creation and assessment of possibilities for security of rights of participants and claims of beneficiaries of benefits of supplementary pension companies,
  • Observance of ethic and correct conduct between members of the Association in relation to supplementary pension saving,
  • In joint procedure in settlement of disputes in the area of supplementary pension saving.

Article III

Membership in the Association

  • Founding members of the Association are supplementary pension companies that were established by transformation of supplementary pension insurance companies to joint stock companies in accordance with Act No. 650/2004 Coll.
  • Other members of the Association can be – based on their application and approval of Supplement to the Articles of Association – the companies that were granted by the National Bank of Slovakia the permit for establishment and activity of supplementary pension companies and that are registered in Companies Register based on their application and approval of Supplement to the Articles of Association.
  • The membership in Association ceases to exist by dissolution of the supplementary pension company, if its rights and obligations are not transferred to its successor in title.
  • The membership in Association ceases to exist also by termination notice that must be in writing. Termination period is three months and starts to lapse on the day, when the written termination notice was delivered to the Association. Property composition with the leaving member shall be carried out at the latest within 60 day after extinction of the membership in the Association according to the ration of financial means contributed by him to the amount of assets of the Association.

Article IV

Rights and obligations of members

  • Each member has the right mainly:
    • To be informed about activity of the Association
    • To co-decide about matters of the Association through his representatives
    • To check activity of the Association through his representatives
  • Each member is obligated mainly:
    • To make any effort to implement subject matter of activity of the Association
    • To participate in expenses related to activity of the Association according to this Articles of Association.

Article V

Economy of the Association

  • The Association manages assets consisting of contributions from individual members.
  • Individual companies that are members of the Association shall pay a membership fee. The membership fee shall be paid for the calendar year always by the end of January of the relevant calendar year. In the case of extinction of the membership of supplementary pension company in the Association, the membership fee is not returned back.
  • Financial means of the Association can be used only for the purpose, for which the Association was established.
  • Accounting records shall be kept about revenues, expenses and movement of assets in accordance with the valid regulations.
  • The Association shall keep accounts on revenues and expenses, and shall prepare annual statement of finances. Keeping accounts is carried out by the company, whose representative holds the office of the president of the Association, or it is ensured by the secretary of the Association, if he is charged with it by the Presidency of the Association.
  • The Association is liable for the failure to fulfil its obligation up to the amount of its assets.

Article VI

Bodies of the Association

  • The Presidency of Association is the statutory body of the Association that manages its activity and acts on its behalf.
  • The Presidency of Association can decide about establishment of the function of secretary of the Association, who keeps administrative of the Association and coordinates its activity. The Presidency appoints and recalls the secretary, and determines the amount of his/her remuneration. The secretary of the Association cannot vote in the Presidency.

Article VII

Presidency of Association

  • The Presidency of Association is the statutory body of the Association that manages its activity and acts on its behalf.
  • Members of the Presidency are nominated (delegated) by each member of the Association. Members of the Presidency are always two representatives of each company that is the member of the Association. The membership in the Presidency becomes extinct on the day, when the member of the Presidency is recalled by the respective company.
  • The Presidency of Association appoints the President and the Vice President of the Association from among its members. The President of the Association convenes meetings and chairs them. In the case of President’s absence, he/she is deputised by the Vice President.
  • The Presidency of Association decides about all matters of the Association. The Presidency has the quorum, if the majority of its members are present. The consent of the majority of the present members of Presidency is necessary for making the decision. Each member of the Presidency of Association has one vote. In the case of equality of votes, the President’s or Chairperson’s vote shall decide.
  • The President of Presidency has the right to act on behalf and represent the Presidency in all matters. In the case of his/her absence, these authorities pass to the Vice President or the representative authorized by the President of Association.
  • Term of office of President and Vice President is, as a rule, one year, and starts on May 1 of the relevant calendar year. After expiration of the term of office, another member of the Presidency must be appointed to the office of President and Vice President in such a way that representatives of all companies would be successively appointed to this office. In the case that in one of terms of office the members of the Presidency fail to appoint a member to the office of President, the Presidency shall decide by voting.
  • The Presidency of Association shall be convened according to demands. The invitation to the meeting of Presidency must include place, time of holding and agenda of the meeting.
  • The invitation to the meeting must be delivered to the members of Presidency at the latest 3 days before the date of meeting. The delivery of invitation shall be ensured by the President of Association. Written invitation is not required, if all members of the Presidency of Association agree with it.
  • Minutes of the meeting shall be prepared whose content shall be confirmed by signatures of the chairperson and the minute clerk. The signed minutes of Presidency meetings must be delivered in the electronic form or in writing to all members of the Association. Minutes of Association shall be archived for three years.
  • After expiration of his term of office, the President of Association shall submit the annual report to the Presidency of Association for approval, including the report on economy of the Association.
  • The Presidency of Association shall appoint the receiver of the Association.
  • If it is required by demands of the Association, the Presidency of Association can decide about establishment of professional commissions. Details related to the establishment, structure and competences of professional commissions shall be determined by the Presidency of Association.

Article VIII

Dissolution of the Association

  • The Association can be dissolved based on the written agreement of members of the Association.
  • The Association is dissolved by withdrawal of the last but one members of the Association.
  • The Association is dissolved by deletion from Register of interest groups of legal entities.
  • If in dissolution of the Association the basic capital is not transferred to its successor in title, liquidation shall be carried out before dissolution and its remaining assets shall be distributed equally to supplementary pension companies that are members of the Association according to number of participants as of the date of dissolution of the Association.

Article IX

Final provisions

Statute of Associations or their possible changes and amendments shall enter into force on the day of their approval by the Presidency of Association. These Statutes of Association ware approved at the meeting of the Supervisory Board of Association of supplementary pension companies in Bratislava on May 15, 2002, amended by Amendment No. 1 approved on April 24, 2004, by Amendment No. 2 approved per rollam on June 28, 2004, by Amendment No. 3 approved per rollam on December 21, 2005, by Amendment No. 4 approved at the meeting of the Supervisory Board of Association of supplementary pension companies on April 28, 2006 and by Amendment No. 5 approved per rollam on March 5, 2008.

Members of Association of supplementary pension companies:

  • AXA, d.d.s., a.s., Laurinská 18, 811 01 Bratislava www.axa-sk.com
  • NN Tatry - Sympatia, d.d.s., a.s., Jesenského 4/C, 811 02 Bratislava, www.nn.sk
  • STABILITA, d.d.s., a.s., Bačíkova 5, 040 01 Košice, www.stabilita.sk
  • Doplnková dôchodková spoločnosť Tatrabanky, d.d.s., a.s., Hodžovo námestie 3, 811 06 Bratislava, www.ddstatrabanky.sk