Regulatory Alerts2022-01-27
Regulation on Transfers and Transfer Payments of Pension Assets
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish the conditions, criteria, and procedures for transferring vested pension assets between Employer Supplementary Pension Funds, Individual Pension Providers, and the Kosovo Pension Savings Trust. Participants must submit a signed written notice to initiate transfers, triggering direct payments from the transferring entity to the receiving pension fund within ten days of notice receipt. The regulation applies to terminated employees, bankrupt or liquidating employers and pension entities, and participants under 65 transferring to the KPST, while repealing previous 2002 and 2006 transfer rules.
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