MPs pass amendments on Swiss pension indexation formula

The Serbian parliament on Friday passed amendments to the Pension and Disability Insurance Law introducing the so-called Swiss pension indexation formula from January 1, 2020.

06 Decembar 2019 15:10

BELGRADE - The Serbian parliament on Friday passed amendments to the Pension and Disability Insurance Law introducing the so-called Swiss pension indexation formula from January 1, 2020.

This practically means that a population of 1.7 million people in Serbia will receive pensions that will grow according to a model aligning them with 50 pct of the inflation rate and 50 pct of the average wage growth rate.

Finance Minister Sinisa Mali has said earlier this was the best and the most just model for senior citizens.

Photo: Tanjug/S. Ilic, file


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