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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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