Home Economy Payment of January Pensions Increased by 3.11 Percent

Payment of January Pensions Increased by 3.11 Percent

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The payment of January pensions, which has been harmonized with all rights beneficiaries since January 1 and has increased by 3.11 percent, began today in the Republic of Srpska, confirmed the Srpska Pension and Disability Insurance Fund.

The January pension payments covered 264,998 beneficiaries, of which 216,828 were in the Republic of Srpska and 48,170 outside the Republic.

The payment of the pension requires KM 94.68 million in net amount and KM 95.87 million in gross amount.

The average pension for January is 393 KM and makes 41,89 percent of the average salary in the Republic of Srpska.

For a full 40-year insurance service, the average pension for January is 577 KM, which is 61.44 percent of the average salary in the Republic.

The minimum pension for the seniority of 40+ years is 403 KM.

The highest pension for January in the Republic of Srpska is KM 2,076.

Revenue from pension and disability insurance contributions in January 2020 amounted to KM 64.91 million.

The structure of beneficiaries of entitlements for January consists of old-age pensions with 57.75 percent, family pensions with 27.97 percent, disability benefits with 14.18 percent and other entitlements with 0.10 percent.

Due to the untimely submission of the certificate on the life of a beneficiary of a right of residence outside the Republic of Srpska, the payment of the pension for January was temporarily suspended for a total of 3,796 beneficiaries.

 

TST

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