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Serbia - Pension Policy Challenges in 2020 (Английский)

After a temporary reduction of pensions in 2014, Serbia was able to reduce pension costs to below 11 percent of gross domestic product (GDP) in 2018. The country still faces challenges with regard to the long-term sustainability of pensions due to demographic trends (ageing and shrinking of population) and reduction in coverage. Given the parametric reforms introduced in 2014 on valorization and lack of indexation, future adequacy of pensions is at...
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