THE STATE AND PERSPECTIVES OF THE PENSION AND DISABILITY INSURANCE SYSTEM IN THE REPUBLIC OF SERBIA

Abstract

The paper deals with the current state of the system of
pension and disability insurance in the Republic of Serbia and the possible
directions of change. The author analyses the causes of an extremely poor
status of the pension and disability insurance system, based on current
financing and intergenerational solidarity. The disadvantages of this
system, in addition to its indisputable advantages, are also pronounced in
other countries that apply it. However, in countries such as Serbia, there
are factors that further complicate its sustainability, such as poor
demographic situation, high unemployment rate, and the like. In this
context, the text provides a brief overview of the measures taken to date,
with the analysis of their short-term and long-term effects, Finally, the
author gives a personal view of the direction of development of the
pension and disability insurance system in the Republic of Serbia.