Kosovo’s pension system started from scratch after its conflict with Serbia. It is based on a fully funded Defined Contribution (DC) scheme and a universal basic pension. However, the government has subsequently...
Since 2004, pension reform in Montenegro has been actively implemented through a series of measures, some of them right and some debatable. Parallel to the standard raising of retirement age, widening...
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...
Albania introduced important parametric reforms to its Defined Benefit (DB) pension system in 2015, with some reforms still in the process of being fully implemented, such as the increase in retirement...
Two entities in Bosnia and Herzegovina have been operating separate public pension systems. Republika Srpska (RS) led the reform process by launching a pension reform in 2011 to restore its fiscal balance...