"We don't currently need pension reform, the worse thing to do would be to forecast a pension reform now, which would lead to people rushing into retirement," Peter Pogačar, state secretary at the ministry, told an AmCham business breakfast on Thursday.

He said pension reform did "not make sense before 2020. We have to conduct a broad public debate first and decide what to do with the second pillar, how to raise awareness that we have to save in the second pillar, and how to finance pensions in future."

The Labour Ministry was expected to unveil a white paper on pensions late last year or in January, Pogačar said the process was in the final phase, but noted the document would not provide answers, it would only highlight the issues that need addressing.

With one of the fastest ageing populations, Slovenia has been repeatedly urged by international institutions to continue reforming its pension system, which is believed to be sustainable in current form only until 2020.