Find out more about Dunav fund

Retirement used to be perceived as a well-deserved vacation, a chance to catch up and devote time to people and activities previously missed due to lack of time.

However, things have changed long ago and now the thought of retirement for future retirees create fear of financial uncertainty. This fear is completely justified given the difficulties in the state pension fund and deficit of the real sources for its funding. Even much richer societies face these difficulties, since unemployment in combination with a low birthrate and increased longevity means that the employees' contributions are not sufficient to finance pensions.

Currently Serbia has 1.7 million retirees and their ratio to the number of employees is almost 1:1. Therefore the pension system reform is in place, primarily through increase of retirement age so the retirement period is shorten.

Pension and disability insurance law provides that the age limit for old age pension is increased by four months every year until 2032.

Voluntary pension funds (VPF) are an integral part of the pension system reform and response to the problems in the state fund. Individuals (alone or with their employers) can save in pension funds and gain additional, private pension. Besides that, there is a direct corelation between the amount paid into pension funds and the amount of pension.

glqxz9283 sfy39587stf02 mnesdcuix8