What is the Orange Envelope?

Individual account

  • integrates state pension, funded pension, occupational pension and personal pension statements.
  • provides pension benefit projections.
  • guards the pension savings and investments and estimates the impacts of financial decisions.
  • provides strategies for managing pension savings and investments.
  • answers the questions: "Am I on track?", "What could I expect in future?" and "How to improve it?".

Pišta Honeľník Anička Krčmárovie

Employer's account

  • is a unique benefit for employees.
  • integrates statements for Social Insurance Company and pension asset managers within II. and III. pillar into one comprehent report.
  • provides comprehent statistics on benefit programmes.
  • analyses cost-efficiency and performance of benefit programmes for the financial management purposes.
  • compares effectiveness of benefit programmes

Košiar, s.r.o.

Orange Envelope - About us and our research

Oranžová obálka (Orange Envelope) is a result of several years of research and development. Oranžová obálka as a web-based app works with the state-of-art stochastic microsimulation model, which has been created by researchers standing behind the Orange Envelope project.

Research monographs and studies

  • Dôchodková politika. Redistribučné a fiškálne súvislosti formovania alternatív.
    Šebo J., Králik I., Danková D. 2019.
  • Aktívna správa úspor v systéme starobného dôchodkového sporenia - obálka
    Aktívna správa úspor v systéme starobného dôchodkového sporenia
    Šebo J., Melicherčík I., Mešťan M., Králik I. 2017. Bratislava : Wolters Kluwer, 2017. 208 s. ISBN 978-80-8168-692-4.
  • Výkaz dôchodkových dávok. Možnosti zlepšenie informačných povinností subjektov dôchodkového zabezpečenia.
    Výskumná štúdia. Kolektív autorov. 2017.

Other research papers

  • Pension savings: the real return. Sibille Allgayer et al. - 2017 edition. - Brussels : The European federation of investors and financial services users, 2017. - 517 s. – Dostupné na: http://betterfinance.eu/fileadmin/user_upload/documents/Research_Reports/en/Pension_Report_2017_-_Full_Report_-_Online_Version.pdf
  • Political risk and pension funds performance - the case of Slovakia. J. Šebo, T. Virdzek. In Old-Age Crisis and Pension Reform. Where do we stand? / rec. Henryk Januszek. - 1. vyd. - Poznan : Publishing House of Poznan Univesity of Technology, 2013. - ISBN 978-83-7775-254-8.
  • Uplatnenie automatického vyrovnávacieho mechanizmu v priebežnom pilieri dôchodkového systému v Slovenskej republike. J. Šebo, T. Virdzek. In Ekonomický časopis : časopis pre ekonomickú teóriu a hospodársku politiku. - Bratislava : Ekonomický ústav SAV a Prognostický ústav SAV. 2012. - ISSN 0013-3035.
  • Výkaz dôchodkových dávok a chápanie finančných informácií – behaviorálny experiment. D. Danková, J. Šebo. 2019. In: Logos Polytechnicos. 4/2019.
  • Regulačné zásahy do kapitalizačného piliera penzijného systému v prostredí oligopolu. J. Šebo, T. Virdzek. In Teoretické a praktické aspekty veřejných financí : XV. ročník mezinárodní odborné konference, Praha, 16. - 17. 4. 2010. - 1. vyd. - Praha : Vysoká škola ekonomická, Fakulta financí a účetnictví, 2010. - ISBN 978-80-245-1644-8.
  • Akému veľkému trhovému riziku čelíme v 2. pilieri na Slovensku? J. Šebo, M. Mešťan, I. Králik. In Nové trendy 2016 : sborník příspěvků, 11. ročník medzinárodní vědecké konference, Znojmo, 24. - 25. 11. 2016 - 1. vyd. - Znojmo : Soukromá vysoká škola ekonomická, 2016. - ISBN 978-80-87314-85-2.
  • Application of the lifecycle theory in Slovak pension system. M. Balco et al. In Ekonomický časopis : časopis pre ekonomickú teóriu, hospodársku politiku, spoločensko-ekonomické prognózovanie = Journal of economics. - Bratislava : Ekonomický ústav SAV. 2018. - ISSN 0013-3035.
  • Fee policy analysis of private pension schemes of selected countries. N. Mešarová, J. Šebo, M. Balco. In Central European Conference in Finance and Economics (CEFE2015) 1. vyd. - Košice : Technical University of Košice, 2015. - ISBN 978-80-553-2467-8.
  • Redistribučné dopady zmien dôchodkového veku v podmienkach SR. J. Šebo, D. Danková. In Acta aerarii publici : vedecký časopis Ekonomickej fakulty Univerzity Mateja Bela v Banskej Bystrici. - Banská Bystrica : Vydavateľstvo Univerzity Mateja Bela – Belianum. 2018. - ISSN 1336-8818.
  • Redistribučné dôsledky zavedenia nefinančne príspevkovo definovanej schémy a korekčného faktora v PAYG schéme v SR. J. Šebo, D. Danková, I. Králik. In Ekonomické rozhľady : vedecký časopis Ekonomickej univerzity v Bratislave / Ekonomická univerzita v Bratislave. - Bratislava : Ekonomická univerzita, 2019. - ISSN 0323-262X.
  • Dismantling the myths about the pension funds performance from the savers perspective. J. Šebo, T. Virdzek. In Pension Reforms - Comparison and Evaluation / rec. Henryk Januszek. - Poznan : Publishing House of Poznan Univesity of Technology, 2013. - ISBN 978-83-7775-280-7.
  • How are 1bis pension pillar funds performing? : a cross-country analysis. M. Mešťan, J. Šebo, I. Králik. In European financial systems 2017 : proceedings of the 14th international scientific conference, June 26-27, 2017, Brno. part 2. - 1. vyd. - Brno : Masaryk University, 2017. - ISBN 978-80-210-8610-4.

Project „Orange Envelope“ Timeline

21.11.2016

Conference „Good Pension system“ – initial debates on the information requirements and “Orange Envelope” implementation

29.11.2016

Conference „Building the IV. pillar“ – presentation of the private long-term savings schemes with the case study of implemented CASS Pension Programme

31.3.2017

Finalization of the monograph „Savings Active Management“ (SAM)

16.10.2017

Implementation of savings strategies within the model “SAM”

09.-10.11.2017

Pan-European Pension Product (PEPP) – presentation of the initial features of the PEPP at the conference "Collective Investments in Slovakia 2017"

15.11.2017

Initial proposal of the Pension Benefit Statement followed by behavioral experiments

14.2.2018

“Orange Envelope” Road-map – research study on the development and implementation of Orange Envelope in Slovakia

28.2.2018

Presentation of the projections methods and Pension Benefit Statement layout at the Ministry of Labour, Social Affairs and Family

27.3.2018

Second behavioral experiment with adjusted PBS

June 2018

“Orange Envelope” project presentation at the Economic Analysts Club

June 2018

Presentation of the EU-wide PBS proposal under the IORPII PBS implementation in Brussels, Belgium

July 2018

“Orange Envelope” project presentation at the Ministry of Finance (IFP)

8.18

First version of real-time microsimulation model goes live

First week of September 2018

Server Crash (if You made it up here, You can see that not everything goes smoothly as expected… ;) )

11.18

Initial individualized pension projections (across all pension pillars) - YEAH

11.18

Creation of focus groups and behavior experiment with the “Orange Envelope”

January 2019

First prototype of the "Orange Envelope" (Your personal asistent for financial suicide goes LIVE ;) )

June 2019

Behavioral Experiments results incorporated into the Orange Envelope

8.19

Orange Envelope for employers created

October 2019

First employer adopts the Orange envelope for his employees

12.19

Orange Envelope goes public :-)

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