The pension system in the country is stable and for the fist time after many years pensions have been paid without the need for debt, said today the Minister of Labour and Social Policy Mila Carovska.
“Through the pension reform we all gave a little, both the younger and older, thus making savings of around 4 billion of denars for the Pension and Disability Insurance Fund, with which we stabilized the system and provided a sure and continuous payment of the pensions. After the reform, we paid the pensions without making loans. Also, with the Law we envisaged two times a year to synchronize the pensions and a third increase that will be made if we have an economic growth of 4 percent. This will mean that there will be no longer ad hoc increases, but harmonization in accordance to the legal framework”, said Carovska.
She reminded that the gap in the Pension and Disability Insurance Fund of three billion denars in 2006 reached 18 billion denars. This year the fund pays pensions with the decreased gap of three to four billion denars, in other words, the pensions are paid without the need of loans.
-This shows that the pension system is becoming self-sustainable. There is much more to be done, the gap created ten years in a row, has threatened to create a fiscal tsunami, because of inadequate an irresponsible policies which lead to the decrease of money and unrealistic increase of pensions without economic logic”, said Carovska.
Carovska today participated in the work of the 11th meeting of the directors of the pension funds of the states of former SFRJ, which began in Ohrid today.
