Pillar 2 is mandatory and represents individual capitalised savings amounting to 5% of the gross salary. The employer calculates and pays contributions into the account of the insured person held at the mandatory pension fund of their choice, which then manages the account funds and increases them by a return from investments. The savings made belong to the insured person and may be inherited. Pension funds are managed by privately owned pension companies. The pension benefit is determined on the basis of the Pension Insurance Act, the Mandatory Pension Funds Act and the Act on Pension Insurance Companies, while pension benefits are paid from Pillar 2 by pension insurance companies. Persons insured through Pillar 1 and 2 may opt for a more favourable pension. You can opt for a pension as if you were insured only through Pillar 1, or a combined pension (a basic pension from Pillar 1, and a pension from Pillar 2 based on individual capitalised savings).

Pillar 3 is voluntary and refers to individual capitalised savings based on payments to a voluntary pension fund. Membership in a voluntary pension fund is intended for any person who, by making payments to the fund, becomes eligible for state incentives and the yield generated by investing these funds. Employers who make payments into voluntary pension fund accounts of their employees are entitled to a tax-deductible payment expense of up to HRK 6,000 per employee per year. The savings kept in the account of a fund member are their personal property and can be inherited. Voluntary pension funds are managed by privately owned pension companies. Pension benefits from Pillar 3 are paid by pension insurance companies, pension companies and life insurance companies. Pension entitlement is not related to employment status and can be claimed from the age of 55, and exceptionally from the age of 50 if you became a member of a voluntary pension fund before 1 January 2019. Pillar 3 of pension insurance is regulated by the Act on Voluntary Pension Funds and the Act on Pension Insurance Companies. The Croatian Financial Services Supervisory Agency (HANFA) monitors the management of Pillars 2 and 3.