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A:
Pension increase will not disturb projected budget for 2008
Belgrade,
18 September 2008
Serbian Deputy Prime Minister Jovan Krkobabic met today with the International Monetary Fund (IMF) delegation headed by Albert Jaeger.
Krkobabic stated that the 10% increase of pensions will not disturb the projected budget for 2008 and that pensions will not be larger than 50% of average salary in December 2008.
He stressed that the current level of pensions does not provide the minimum needs for pensioners and that by 2010 pensions must be levelled with 70% of average €400 salary.
A project of reform of the pension and invalidity insurance system was presented in the meeting that would incorporate some of Europe’s best models, including those of Sweden, Germany, Austria and Slovenia, also taking into consideration the specific features of Serbia.
Jaeger said that this would be the way to secure funds without disturbing macroeconomic stability.
He also expressed understanding for the specific situation in Serbia and the period it has gone through.
He stressed that the current level of pensions does not provide the minimum needs for pensioners and that by 2010 pensions must be levelled with 70% of average €400 salary.
A project of reform of the pension and invalidity insurance system was presented in the meeting that would incorporate some of Europe’s best models, including those of Sweden, Germany, Austria and Slovenia, also taking into consideration the specific features of Serbia.
Jaeger said that this would be the way to secure funds without disturbing macroeconomic stability.
He also expressed understanding for the specific situation in Serbia and the period it has gone through.
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