Review article
PERSPECTIVE OF PENSION REFORMS IN BOSNIA AND HERZEGOVINA
Nikolina Obradović
; Faculty of Humanities and Social Sciences, University of Mostar
Abstract
Pension system in Bosnia and Herzegovina, with two sub-systems organised
on entity level, operates in unfavorable macroeconomic conditions,
which is being reflected through low number of contributors and high rate
of incoming pensioners, to which contributes low effective pensionable
age. This is reflected in very law pension benefits of regular pensioners.
Bosnia and Herzegovina is the only country in the region and a rare transitional
country that has not reformed and diversified its pension system.
The question of pension system reform has emerged recently as the problem
of financing of current level of pension benefits becomes more obvious and
acute, and policy creators are looking for possible solutions. Federation
B&H Government so far adopted two documents of Strategy of Pension
System Reform in Federation B&H, while institutions of Republika Srpska
have adopted Strategy of Pension System Reform in Republika Srpska in
May this year. Both entity Strategy documents envisage aggravations of
current pension system problems in the future and propose introduction
of different models of privately managed funded pension schemes. The
aim of this article is to analyse feasibility and perspectives of proposed
pension system reforms in the context of Bosnia and Herzegovina.
Keywords
pension reform; pension system; funded pension scheme; voluntary pension insurance.
Hrčak ID:
229953
URI
Publication date:
14.12.2010.
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