OLD-AGE PENSION
Eligibility conditions
In order to be eligible for old-age pension, an insured
person should, simultaneously, meet the conditions regarding:
- the age, and
- the length of insurance coverage.
The Law on Amendments to the Law
on Retirement and Disability Insurance (which came into force on 1st
January 2011) the conditions for exercising the right to
old-age pension were changed:
An insured person is eligible for old-age pension when:
− turning 65 (men),
or 60 (women) and having the length of
insurance coverage of at least 15 years,
or
− having the length
of insurance coverage of 40 years (men)
and 38 years (women) and turning at least
58, or
− having the length of insurance
coverage of 45 years (both men and women),
regardless of the years of age.
The provision is to start its full enforcement as of 2023,
since the law stipulates a transitory period during which
the changed conditions are to be enforced gradually.
Transitory period
The law stipulates a transitory period within which the
eligibility for retirement involves the following conditions:
1) in 2011, 40 years of the length of
insurance coverage and at least 53 years and four months
of age (men), and 35 years of the length of insurance coverage
and at least 53 years of age (women);
2) in 2012, 40 years of the length of
insurance coverage and at least 53 years and eight months
of age (men), and 35 years of the length of insurance coverage
and at least 53 years of age (women);
3) in u 2013, 40 years of the length
of insurance coverage and at least 54 years of age (men),
and 35 years and four months of the length of insurance
coverage and at least 53 years and four months of age (women);
4) in 2014, 40 years of the length of
insurance coverage and at least 54 years and four months
of age (men), and 35 years and eight months of the length
of insurance coverage and at least 53 years and eight months
of age (women);
5) in 2015, 40 years of the length of
insurance coverage and at least 54 years and eight months
of age (men), and 36 years of the length of insurance coverage
and at least 54 years of age (women);
6) in 2016, 40 years of the length of
insurance coverage and at least 55 years of age (men),
and 36 years and four months of the length of insurance
coverage and at least 54 years and six months of age (women);
7) in 2017, 40 years of the length of
insurance coverage and at least 55 years and four months
of age (men), and 36 years and eight months of the length
of insurance coverage and at least 55 years of age (women);
8) in 2018, 40 years of the length of
insurance coverage and at least 55 years and eight months
of age (men), and 37 years of the length of insurance coverage
and at least 55 years and six months of age (women);
9) in 2019, 40 years of the length of
insurance coverage and at least 56 years of age (men),
and 37 years and four months of the length of insurance
coverage and at least 56 years of age (women);
10) in 2020, 40 years of the length of
insurance coverage and at least 56 years and six months
of age (men), and 37 years and eight months of the length
of insurance coverage and at least 56 years and six months
of age (women);
11) in 2021, 40 years of the length of
insurance coverage and at least 57 years of age (men),
and 38 years of the length of insurance coverage and at
least 57 years of age (women);
12) in 2022, 40 years of the length of
insurance coverage and at least 57 years and six months
of age (men), and 38 years of the length of insurance coverage
and at least 57 years and six months of age (women);
Decreasing the eligibility age
The eligibility age is decreased for an insured person
entitled to the insurance period calculated with increased
length, and depending on the degree of increasing the insurance
period per each year, the period can be calculated as increased
length in the following manners:
1) for every five years spent in a workplace, or at a
job for which effectively spent 12 months are calculated
as 14 months of insurance coverage
2) for every four years and six months spent in a workplace,
or at a job for which effectively spent 12 months are calculated
as 15 months of insurance coverage
3) for every three years spent in a workplace, or a job
for which effectively spent 12 months are calculated as
16 months of insurance coverage, and
4) for every year and six months spent in a workplace,
or a job for which effectively spent 12 months are calculated
as 18 months of insurance coverage.
Eligibility age can be reduced to 55 years of age, while
it can be as low as 50 years of age for the insured persons
whose jobs enable calculating effectively spent 12 months
as 18 months of insurance coverage.
Workplaces, or jobs enabling calculating insurance period
with increased length are stipulated by the Regulation
on the workplaces or jobs for which insurance period is
calculated with increased length (‘Official Gazette of
the Republic of Serbia’, No. 105/03, 126/04, 93/05, 3/07,
8/07, 56/07, 23/08 and 49/10).
Transitory period
The law stipulates a transitory period during which the
eligibility age can be decreased to the maximum of:
1) 53 years and four months of age – in 2011;
2) 53 years and eight months of age – in 2012;
3) 54 years of age – in 2013;
4) 54 years and four months of age – in 2014;
5) 54 years and eight months of age – in 2015.
Exercising the right
The right to old-age pension is to be exercised after
the cessation of the insurance, except for the insured
persons performing the work in accordance with the law
regulating the work of private entrepreneurs who can exercise
their right to old-age pension by meeting the eligibility
conditions for old-age pension.
Old-age pension is to be paid as of the day of meeting
eligibility conditions, if the application is submitted
within six months of meeting the eligibility conditions,
namely as of the day of insurance termination. If the application
is not submitted within the stipulated time limit, the
pension is to be paid as of the day of submitting the application
and for the period of six months preceding the application.
A beneficiary of an old-age pension is entitled to employment,
self-employment or performing work in agriculture. Upon
the termination of employment, self-employment or work
in agriculture, the contributor is entitled to re-evaluation
of the amount of pension, under the condition of being
insured (on that basis) for a period of at least one year.
When submitting the application for an
old-age pension, the following should
be enclosed:
- Personal ID card photocopy
- Proofs of the insurance coverage period completed
in the Republic of Serbia – concluded work book, certificate
of the insurance period being calculated with increased
length, other documents related to the insurance coverage
period (decisions, certificates and the like) in original
or as a certified photocopy
- Proof of employment termination – decision
(in original or as a certified copy)
- Proof of completed compulsory military service
(military record book photocopy or a certificate by military
authorities)
- Proof of exercising the right, namely the
proof of being registered with the National Employment
Service
- Certificate of self-employment to be issued
by the competent municipal institution, or competent
association or alliance (for the period up to 31st December
2005), or the decision of the Serbian Business Registers
Agency (for the period as of 1st January 2006).
- Certificate by Tax Administration on the
paid contribution for the retirement and disability insurance
(with stated bases for contributions and the amount of
paid contribution) for the period of self-employment.
The certificate is not required for freelance artists,
film-makers and sportsmen for the period up to 31st December
2002, and for the clergy and religious institutions officials
for the period up to 31st August 2004.
- Certificate by Tax Administration on the
paid contribution for retirement and disability insurance
(with stated bases for contributions and the amount of
paid contribution) issued for the period of performing
work in agriculture.
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