Daniela Danková – Orange Envelope, non-profit university spin-off, Závada 48, 99121 Závada, Slovakia
Ján Šebo – Faculty of Economics, Matej Bel University, Tajovskeho 10, 97590 Banská Bystrica, Slovakia
Ivan Králik – Faculty of Economics, Matej Bel University, Tajovskeho 10, 97590 Banská Bystrica, Slovakia

DOI: https://doi.org/10.31410/EMAN.2021.35

5th International Scientific Conference – EMAN 2021 – Economics and Management: How to Cope With Disrupted Times, Online/Virtual, March 18, 2021, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-43-1, ISSN 2683-4510


European Commission has a long-term objective of tackling the demographic issues of EU
member states by creating a network of national pension tracking systems. The initiative launched in
2021 aims to present good practices in building modern pension tracking systems. The paper examines
key aspects of a modern, consumer-driven non-governmental platform providing users with the
features of pension entitlements across all pension pillars in Slovakia. The methodology is built on the
case-study where governance, research, front-end and data management issues are elaborated. The
paper presents in-depth steps and robustness of microsimulation model applied for the pension tracking
platform. The results could serve for other countries and modern PensionTech providers as a good
practice and a guideline to create a comprehensive integrated pension tracking system with minimum
development and operational costs and extremely short time-to-market duration.


Pension entitlements, Pension projections, PensionTech, Microsimulation, European tracking system.


Barnum, C. M. (2010). Usability Testing Essentials: Ready, Set. . .Test! (1st ed.). Morgan Kaufmann.
Dempster, M. (2016, June). Intelligent robot advice for life cycle planning. Thinking Ahead, 84.
EIOPA. (2013, January). Max report – Good practices on information provision for DC schemes
(EIOPA-Bos-13/010). https://www.eiopa.europa.eu/sites/default/files/publications/pdfs/report_
EIOPA. (2018). Implementation of IORP II: Report on the Pension Benefit Statement: guidance
and principles based on current practices. Luxembourg: Publications Office of the European
Union. https://doi.org/10.2854/408376
European Commission. (2020, December). Request to EIOPA for Technical Advice on the development
of best practices for National Pension Tracking Systems and Pension Dashboard
(FISMA/B.1/JB(2020)8444456). https://www.eiopa.europa.eu/content/request-eiopa-technical-
Katz, D. S., McHenry, K., Reinking, C., & Haines, R. (2019). Research software development
& management in Universities: Case studies from manchester’s RSDS Group, Illinois’
NCSA, and Notre Dame’s CRC. In Proceedings – 2019 IEEE/ACM 14th International
Workshop on Software Engineering for Science, SE4Science 2019 (pp. 17-24). [8823733]
(Proceedings – 2019 IEEE/ACM 14th International Workshop on Software Engineering for
Science, SE4Science 2019). Institute of Electrical and Electronics Engineers Inc.. https://
Medova, E. A., Murphy, J. K., Owen, A. P., & Rehman, K. (2008). Individual asset liability management.
Quantitative Finance, 8(6), 547–560. https://doi.org/10.1080/14697680802402691
TTYPE – Track and Trace your pension in Europe. (2015, March). Establishing an ETS – Recommendations
for creating a European pension tracking service. https://ec.europa.eu/social/
TTYPE – Track and Trace your pension in Europe. (2016, June). Establishing an ETS – Business
plan for a European Tracking Service. https://ec.europa.eu/social/BlobServlet?docId=

Download full paper

Share this

Association of Economists and Managers of the Balkans – UdEkoM Balkan
179 Ustanicka St, 11000 Belgrade, Serbia


Udekom Balkans is a dynamic non-governmental and non-profit organization, established in 2014 with a mission to foster the growth of scientific knowledge within the Balkan region and beyond. Our primary objectives include advancing the fields of management and economics, as well as providing educational resources to our members and the wider public.

Who We Are: Our members include esteemed university professors from various scientific disciplines, postgraduate students, and experts from ministries, public administrations, private and public enterprises, multinational corporations, associations, and similar organizations.

Building Bridges Together: Over the course of nine years since our establishment, the Association of Economists and Managers of the Balkans has established impactful partnerships with more than 1,000 diverse institutions across the Balkan region and worldwide.

EMAN conference publications are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.