Regulatory Alerts2019-09-30
Regulation on Supplementary Individual Pensions
The Central Bank of the Republic of Kosovo issued this regulation to establish binding guidelines for Pension Providers sponsoring Supplementary Individual Pensions, ensuring agreements remain sustainable, affordable, and equitable. It delineates specific calculation frameworks for both Defined Benefit Pensions offered by life insurance companies and Defined Contribution Pensions available to all providers, while standardizing vested rights, disability and survivor benefits, and monthly payment structures. Repealing the 2002 Rule 18 on Pension Benefits, the regulation mandates clear actuarial assumptions and transparent fee structures to protect participant interests upon adoption.
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