Regulatory Alerts2024-01-01
Regulation on Conditions for Realizing Pension Rights Based on Voluntary Pension Insurance, the Member Register, and Suspension of Payments and Payouts from the Voluntary Pension Fund – Unofficial Consolidated Text (NN, No. 2/2020 and 52/24)
The Croatian Financial Services Agency (Hanfa) issues this Regulation to establish precise conditions for realizing pension rights, early payouts, and the maintenance of fund member registers under voluntary pension insurance. It mandates pension companies to provide tailored indicative calculations, manage personal account closures and transfers during suspension periods, and ensure transparent electronic reporting to regulators. The updated rules streamline lump-sum and annuity payouts, clarify inheritance procedures upon member death, and align operational timelines with state incentive funds and market valuations.
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