They grow in accordance with the law and the “Swiss formula” that is included in that law.



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Finance Minister Siniša Mali commented on criticism of the new pension increase:

A few days ago, the President of the Republic of Serbia, Aleksandar Vučić, announced great news for our older fellow citizens and said that pensions will increase significantly from January 1, 2021 and that the percentage increase will be around the 6%.

[POVEĆANJE PENZIJA] A few days ago, the President of the Republic of Serbia, Aleksandar Vučić, announced great news for our …

Posted by Siniša Mali on Saturday September 12, 2020.

As you mentioned on that occasion, pensions will be increased according to the so-called “Swiss Formula”, which we adopted by modifying the PIO Fund Law.

However, the critics on duty are trying to minimize and dispute this good news by saying that “Vučić boasts about the growth of pensions, and that they grow according to the law.” Well, of course, growing up according to the law and the “Swiss formula” that was included in that law. This is how it should be, this is how serious and responsible countries are.

photo: Marina Lopicic

But it was Vučić who started the growth of pensions to be regulated that way, and allowed them to pay for growth never faster, which, according to the formula, means faster growth of pensions.

It was he who previously initiated fiscal consolidation, which stabilized our public finances. So the “Swiss formula” did not appear in that law out of nowhere, but it is part of the systemic changes that we have been facing in recent years.

We are proud that the percentage increase in pensions will be significant, because that means a better quality of life for our older citizens, ”wrote Finance Minister Sinisa Malina on her Facebook profile.

(Kurir.rs)

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