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This article aims to study the reform of the pension system in Kosovo. In particular, the attention is paid to the new pension system in Kosovo, the reasons for reforming the pension system, the goals as well as the advantages and challenges of the multi-pillar pension model. Always, by trying to make comparisons of the new pension system in Kosovo with the previous one. The study is based on secondary data over the years, provided by different entities. The paperwork is of the theoretical nature of qualitative variables based on secondary data. In general, the findings and analyzes made in this paperwork reflect the period in which many other countries have gone through, including Kosovo. The findings of this study, on one hand, will serve as a summary for state institutions and as a lesson for policy-makers and managers of citizens' money and work, while on the other hand will be information tools for any student or citizen who wants to be informed more about the Kosovo Pension Trust.
European Journal of Economics and Business Studies
Economic Transition Process and Kosovo Pension Reform System2016 •
This article aims to study the Kosovo economic transition process and its impact on the Pension system reform. The study will focus on; model of new economic building system (market liberalization, economic recovery, the concept of entrepreneurship development, system integration of economic trends in the global economy, privatization and transformation of property, social welfare, social justice), etc. During this study different theories on the transition process in the economy will be used, as well as theories on reforming the pension system in the world, which affirm the sustainability of the construction of the new economic and pension system. Methods used will serve to draw relevant conclusions as follow; heuristic, descriptive, historical, comparative, statistical. The hypothesis of this study is, "Impact of the economic reform system in Kosovo and its results in the construction of the new sustainable pension system model." Through this study conceptual changes to ...
The Kosovar pension system shows several inconsistencies with regards to its various components. Whereas most inefficiencies are concentrated in special benefit schemes as well as family and disability pensions, the two old-age pension schemes that constitute the so-called zero pillar, i.e. the basic age and contributory pensions, are relatively less problematic. A number of interventions are, however, desirable. This policy brief recommends a mixed strategy that simultaneously tackles the problems of eligibility, benefit design, taxation issues as well as administrative efficiency in a coherent and simultaneous way.
This paper focuses on the pensions system in Albania. The economic, political, and social changes that occurred in the nineties put the whole country’s economic development under pressure and especially the pension system. This paper analyzes how the challenges brought by both the demographic transition and the economic transition were faced. It discusses the different reforms undertaken up to now and their impact on the pension system sustainability, equity, and the fiscal burden to the state. The parametric reforms of 2002 had a positive effect on the financial situation of the pension scheme. Yet further reforming of the current scheme is necessary to address ongoing concerns. The high rate of unemployment and the informal labor market reduce the amount of contributions. The “aging” population, which increases the fiscal burden, continues to challenge the pension system.
2021 •
The problem of pension financing in the system of mandatory pension insurance in the Republic of Serbia became actual after the great economic crisis of the 1990s, although this problem had been present before. Accordingly, considerable attention has been paid to the analysis of determinants of pension expenditures. Considering the fact that in the Republic of Serbia the possibilities for reducing expenditures in the system of mandatory state pension and disability insurance have already been exhausted by reforms so far, it is necessary to consider other measures and possibilities for changing the design of the pension disability system. Therefore, the subject of this paper is the analysis of the relationship between pension beneficiaries, the type and amount of pensions. The aim of the paper is to analyze the influence of the pension beneficiary and the type of pension on the amount of the pension, based on the analysis of the collected data.
"SOCIAL SECURITY POLICY AND PENSION REFORMS IN THE WESTERN BALKANS (PUBLISHED IN EUROPEAN JOURNAL OF SOCIAL SECURITY, VOLUME 9- NO.4 DECEMBER 2007) Will Bartlett1 University of Bristol Merita Xhumari2 University of Tirana Abstract Despite recent economic growth, the countries of the Western Balkans share a catalogue of social problems ranging from high unemployment, low participation rates, falling birth rates, aging populations, severe poverty, and migration of many young and skilled people. This paper tracks the similarities and differences in the various countries in response to these difficulties, with a focus on pension systems reform. It shows how social protection systems have been weakened by efforts to cut public expenditure and reduce budget deficits and how, following advice of international organisations and policy advisers, several countries have introduced partially privatised three pillar pension systems in an environment of underdeveloped capital markets. The paper discusses the features of the new reformed pension systems, and reviews the systems in those countries which have not yet adopted such reforms. It highlights the problems and risks facing the partially privatised pension schemes. The paper also considers the context for the different approaches adopted in the region. It concludes that at the present state of their economic transition and development, the late reforming countries would be better advised to focus on improving the efficiency of their existing arrangements, and on the regional coordination of their social security and pension systems, rather than engaging in radical privatisation in pursuit of uncertain benefits. Keywords: Western Balkans; social security, pension systems; pension reforms; welfare state; economic transition"
European Journal of Social Security
Social security policy and pension reform in the western BalkansDespite recent economic growth, the countries of the Western Balkans share a catalogue of social problems ranging from high unemployment, low participation rates, falling birth rates, aging populations, severe poverty, and migration of many young and skilled people. This paper tracks the similarities and differences in the various countries in response to these difficulties, with a focus on pension systems reform. It shows how social protection systems have been weakened by efforts to cut public expenditure and reduce budget deficits and how, following advice of international organisations and policy advisers, several countries have introduced partially privatised three pillar pension systems in an environment of underdeveloped capital markets. The paper discusses the features of the new reformed pension systems, and reviews the systems in those countries which have not yet adopted such reforms. It highlights the problems and risks facing the partially privatised pension schemes. Th...
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