Why private pension?

ABOUT THE FUND

AUM

RSD BILLION​
0 ,4

13.30% INCREASE
MARCH 2023/MARCH 2024

41.78% MARKET SHARE

NBA STATISTICAL ANNEX, MARCH 2024

10.45% ANNUAL YIELD RATE AS AT DECEMBER 31, 2023

MEMBERS

MEMBERS
0

71% EMPLOYEES SPONSORED BY EMPLOYER

29% INDIVIDUAL MEMBERS

PAYOUTS

LUMP SUM PENSIONS​
0

8,9 VALUE OF PAYOUTS

1.325 PENSIONS CURRENTLY BEING PAID OUT

Dobrovoljna penzija je nasledna

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LATEST NEWS

News

Yield rate

Yield rate for the past 12 months (30 June 2023 – 30 June 2024) is 9.81%, for the past 5 years (30 June 2019 –

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BECOME A MEMBER

Congratulations! If you have come to this page, it means that you are:

AWARE of the challenges and uncertainty of your financial future.

RESPONSIBLE to yourself and your loved ones.

PROACTIVE in financial security planning.

Given that you have already done the most important part, which is making a decision on getting a private pension, there remains the technical part of joining the fund, i.e. concluding the membership contract.

The membership procedure is simple, you just need to follow the instructions that follow, or ask us anything you are interested in through the online chat.

SIMPLE STEPS

1. Carefully read Membership Contract and Fund Prospectus.

2. If you don’t have time or you can’t come to us, fill out the electronic form on this page and our representative will contact you within 24 hours.

3. Come to your nearest branch and bring your ID or passport to sign the Membership Contract and get your copy of the Fund Prospectus.

4. If you filled in the electronic form and left your details, our representative will arrange with you the most convenient time and place for delivery of the contract to be signed. 

5. After signing the contract, you can make the payment online, through a payment order at banks and post offices, a standing order or an administrative ban.

6. Upon the payment receipt, the paid amount reduced by the fee will be registered on your individual account.  Your username and password will be delivered to you at the address you indicated in the contract. That will allow you a direct and 24/7 access to your individual account in the part of the web site named My Account.

CONTACT

If you want to speed up the process of drawing up a membership contract or just want us to contact you and provide you with additional information on how to secure a private pension, please fill out the form.


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    FAQ

    Every individual can join the Fund, both domestic or foreign, employed and unemployed. There is no lower age limit, but the withdrawal of the pension must start at the age of 70.

    You become a member by signing a Membership Contract, and the procedure itself is very simple. For all the details, call us or write to us.

    Pension contributions to the fund can be paid by:

    employer for employees
    individuals to themselves or others (e.g. spouse, child or anyone else)
    union or citizens’ association for their members
    both employer/union/association and individual

    No matter who makes payments to the fund, the member is always an individual and he is the sole owner of the paid funds.

    You determine the amount of the contribution yourself having in mind that the minimum pension contribution is RSD 1,000. You can change the amount according to your current financial capabilities. Fund membership is voluntary and there are no punitive provisions and penalties in case you fail to make one or more payments at some point. On the contrary, you retain all rights because payments can be regular monthly, periodic and lump sum.

    Pension contributions can be paid non cash only: with a bank or post office payment order, through an administrative ban, standing order or online.

    You have permanent and direct access to your fund account on this website by entering the unique username and password that we send you. Your account has information on the balance of your savings, date and amount of payments, payer, number of investment units.

    The government has provided tax incentives both for members of voluntary pension funds and employers who pay additional contributions for their employees. Individuals who pay pension contributions via administrative ban up to RSD 8,101 are personal income tax (10%) exempt. Payments of employers for the employees up to the same amount are not only personal income tax exempt but the mandatory social contribution as well.

    In this way, it is the government that has supported the development of old age savings through voluntary pension funds.

    To be entitled to pension you need to be 58 the earliest (those who became members before 17th May 2011 require pension upon reaching 53 the earliest).  Prior to the above retirement age, pension rights are exercised solely in the event of permanent work disability.

    Your savings, as part of the fund’s assets, are invested in accordance to the law, by-laws and the fund’s investment policy. The aim is to minimize the risk of the overall portfolio while achieving stable returns. The net yield rate that is realized this way is entirely attributed to the assets of the fund members.

    Level of pension depends on the length of membership, the amount of contribution, realized yield and the chosen way of pension pay out.  

    You can calculate the expected pension amount using the pension calculator.

    Upon reaching 58 (“old“ members 53) you can chose to withdraw the money as:
    • lump sum up to 30% of accumulated assets
    • programmed pension (the shortest period od 1 year)
    • lifetime pension
    • combination of above stated ways

    Yes you can. You can also have several contracts within the same pension fund.

    Of course. You can change the fund an choose another one at any time. 

    Yes, since the pension is inheritable. The person(s) specified in the contract as beneficiaries inherit the pension, and if the beneficiaries are not stated, the law on succession is applied.

    The company is a legal entity, while the fund does not have the status of a legal entity. Pension fund consists of assets in which members’ savings are invested. The assets of the fund are separated from the assets of the company that manages it and cannot be subject to compulsory collection, pledge or mortgage, nor can they be included in the bankruptcy or liquidation assets of the company.

    Nation bank of Serbia is in charge for both company’s and the fund’s supervision.

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