Q:
A:
Pension increase to be delayed
Belgrade,
28 October 2008
Serbian Deputy Prime Minister Jovan Krkobabic said today that, due to the global financial crisis, the planned increase of pensions to 70% of the average income might be delayed to the end of 2010.
In an interview to the Beta news agency, Krkobabic said that the Ministry drafted a project according to which pensions will make up 70% of average incomes before the end of 2009, adding that it would certainly occur if not for the global financial crisis.
The Minister explained that pensions will be increased to 65% of the average salary which will mean savings of RSD 2 billion, according to the new model
The Deputy Prime Minister explained that the new plan for adjusting pensions to salary increases would help the state to better manage the effects of the global financial crisis when earnings drop and living expenses increase.
He stressed that this is the model which will be presented before the government for adoption, following necessary procedure. He added that while resolving the issue of pension adjustment it is important to improve monitoring of payments to the obligatory pension fund and to prevent salaries being paid illegally without pension insurance deductions.
Krkobabic said that currently there are 1,630,000 pensioners in Serbia whose average pension is RSD 17,311 per month.
He said that more than 450,000 pensioners, including over 200,000 farmers, receive pensions up to RSD 9,700, adding that following the increase in pensions on November 10 the average pension will stand at nearly RSD 19,000.
The Deputy Prime Minister said that pensioners should be treated as an economic group with inalienable rights.
The Minister explained that pensions will be increased to 65% of the average salary which will mean savings of RSD 2 billion, according to the new model
The Deputy Prime Minister explained that the new plan for adjusting pensions to salary increases would help the state to better manage the effects of the global financial crisis when earnings drop and living expenses increase.
He stressed that this is the model which will be presented before the government for adoption, following necessary procedure. He added that while resolving the issue of pension adjustment it is important to improve monitoring of payments to the obligatory pension fund and to prevent salaries being paid illegally without pension insurance deductions.
Krkobabic said that currently there are 1,630,000 pensioners in Serbia whose average pension is RSD 17,311 per month.
He said that more than 450,000 pensioners, including over 200,000 farmers, receive pensions up to RSD 9,700, adding that following the increase in pensions on November 10 the average pension will stand at nearly RSD 19,000.
The Deputy Prime Minister said that pensioners should be treated as an economic group with inalienable rights.
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