Regulatory Alerts2018-11-29
Regulation on Funding and Actuarial Valuation of Defined Benefit Pensions
The Board of the Central Bank of Kosovo issued this regulation to establish mandatory funding requirements and actuarial valuation standards for Defined Benefit Pension schemes. It requires sponsors to maintain fully funded conditions through normal and additional monthly contributions, while mandating licensed actuaries to submit periodic valuation reports that classify funding quality into three tiers. Applying to supplementary employer and individual pension funds, the rule defines fiduciary responsibilities for actuaries, standardizes deficit recovery timelines, and supersedes the 2002 funding framework.
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