Six arrested in connection to pension fund corruption case
BELGRADE -- The police took six persons to the Prosecutor for Organized Crime for questioning on Wednesday on suspicion that they illegally acquired at least RSD 70mn.
This happened through abuse of the suspects' official positions held at the state-run Pension and Disability Insurance Fund (PIO).
Pensions "may have to be reduced" by end of year
BELGRADE -- Finance Minister Lazar Krstić has announced that "pensions also may have to be cut" by the end of this year.
Speaking for the public broadcaster RTS, he said his ministry's priority would be "fiscal consolidation and introduction of financial discipline."
BELGRADE – Serbia’s Pension and Disability Insurance Fund (PIO) has huge assets that should be put to use for generating income as soon as possible, and a legal framework needs to ensure that pension contributions are actually paid for there to be enough money for pensions, said participants at a meeting of Serbia’s pensioner trade union assembly on Tuesday.