Pension

BELGRADE - Finance Minister Lazar Krstic said Wednesday that the government of Serbia passed an amendment to postpone the implementation of the amended rates for pension and disability insurance contributions by one month, to August 1.

By Julien Toyer & Lisa Jucca

When Angel Gomez and Maria Luisa Fernandez retired a decade ago, they imagined spending their pensions largely on restaurant meals, holidays and toys for the grandkids. Today, their retirement money helps to support five families.

 More public and private sector workers are considering an early exit over fears of regulatory changes

By Christina Kopsini

Pension spending remained within the limits set by the state budget in the first five months of the year, according to data published on Tuesday, compiled by the Labor Ministry's Helios monitoring system, show.

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).

By Christina Kopsini

The so-called “zero deficit clause” agreed between the Greek government and its international creditors to apply to social security funds from this summer, is bringing fresh cuts to auxiliary pensions.

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.

BELGRADE – President of Serbia's Fiscal Council Pavle Petrovic said Monday that a pension system reform should stand first in the forthcoming reforms in Serbia, adding that the issue is not being given too much thought at the moment.

The Greek government may soon have to increase the country’s retirement age and slash pensions further, according to an updated copy of its bailout terms seen by Sunday’s Kathimerini.