Serbian parliament adopts amendments to labor and PIO laws

BELGRADE - Members of the Serbian parliament adopted the Bills amending and modifying the Labor Law and the Law on Pension and Disability Insurance (PIO) Friday.

A total of 190 MPs voted in favor of the amendments to the Labor Law, 21 were against, and four did not vote.

The amendments to the PIO law received 190 votes in favor and 22 against, with three MPs not voting.

The amendments to the Labor Law provide for the right to seniority-based compensation of 0.4 percent per year of employment with the current employer.

The redundancy payment will amount to a minimum of one third of earnings for each completed year of service with the current employer.

The severance package at retirement will no longer amount to three, but rather two average salaries of the employee.

Employees shall be entitled to a 26 percent financial compensation for night work, but no compensation for shift work.

Photo Tanjug, Z.Zestic