Regulatory Alerts2022-01-27
Regulation on Determination of Pension Beneficiaries
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish clear criteria and procedures for appointing, determining, and cancelling pension beneficiaries within the Kosovo Pension Savings Trust. It prioritizes legally married or cohabiting spouses and children as primary beneficiaries, outlines documentation requirements for valid appointments, and permits participants to cancel designations while protecting spousal rights. The regulation also governs phased payment distributions, defines potential beneficiary eligibility, and repeals the previous 2003 rule upon entering into force fifteen days after approval.
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