Analysis of the voluntary pension funds in Serbia in 2023

Abstract

The topic of this paper is the analysis of the work of voluntary pension funds in Serbia in 2023, with emphasis on return rates from the funds' investments. In Serbia, both mandatory and voluntary pension insurance operate. The introduction of private voluntary pension funds together with the state pension fund is the essence of the reform of the pension system and that reform process started in 2005. Insurance system is based on three pillars. The introduction of the second pillar was left for "better days" and should not be expected soon. It is interesting that the President of the Republic of Serbia, Mr. Aleksandar Vučić, during his guest appearance on RTS, mentioned that we should develop private pension funds and that the Prime Minister of the People's Republic of China, Mr. Li Jiang, at the All-Chinese People's Congress of the 14th convocation, in his report on the work of the government, stated that the private pension system will be implemented throughout the country.