The reform introduced in the pension system of the Republic of Macedonia was aimed at ensuring long-term financial and social safety of present and future pension beneficiaries. Such a reform in the pension system was necessary because the system operative in the country, organized by the “generation solidarity” principle, has encountered serious functional problems caused by serious turbulences in the economy, which even the pension system could not resist; the question imposed of whether this system could keep on functioning as it has before.
With the reform two companies have been founded for managing mandatory and optional pension funds, each company managing one obligatory and one optional capital funded pension fund.
All persons to enroll one of the mandatory capital funded pension funds shall provide their pension simultaneously from the Fund of Pension and Disability Insurance of Macedonia and the selected mandatory private pension fund.
Otherwise, the persons to enroll one of the optional private funds shall provide larger pension funds by using the benefits from the additional saving - tax relief.
Above makes up the basis of the three-pillar pension system.
ProCredit Bank, as a client-oriented bank with a wide specter of banking products, offers the opportunity for signing pension insurance membership agreements for enrolling one of the private funds managed by the KB First Pension Company AD Skopje.
We are looking forward to welcoming you in the ProCredit Bank branches where you can get all necessary information regarding signing of pension insurance agreements.
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