Government has abolished the Law on Pension Reduction – Pensions in November to be paid out with an increase

The Government Of Serbia has adopted a Bill that will abolish the reduction of pensions owing to which pensioners will receive their October pension without decrease.

According the statement on the Government's website, they adopted a Bill on amendments to the Law on Pension and Disability Insurance with which the Law on Pension Reduction will be abolished by September 30, 2018.

– The new law will stipulate a legal basis that will allow the Government to increase pensions in accordance with economic flows and financial possibilities of the budget of the Republic of Serbia, the statement says.

In addition, the method of calculating the amount of the premature retirement pensions for those with beneficiary years of service, who retire with reduced pensions, will be modified in such a way so as to make it more favourable for the pensioners.

Eligibility age for pensions can be as low as 50 years for an insured person with 2/3 length of insurance coverage on jobs enabling maximum degree of increasing the insurance period per each year and with the total insurance period on the jobs which calculate insurance period with increased length.

Vlada Republike Srbije

Ministarstvo za rad, zapošljavanje, boračka i socijalna pitanja Republike Srbije

Ministarstvo finansija Republike Srbije

Republički Fond za penzijsko i invalidsko osiguranje

Savez samostalnih sindikata Srbije

UGS Nezavisnost Beograd

Government Of Serbia

Law on Pension and Disability Insurance amendments

pension reduction in Serbia

pensions

Law on Pension Reduction

Law on Pension Reduction abolishment

premature retirement