Everyone will be welfare case unless pension system is reformed, minister says

Labour and Pension System Minister Nada Sikic said on Friday that the current pension system was untenable and that, unless it was reformed, everyone might become a welfare case when they retired.

"The pension system isn't untenable in the sense that it will fail. Indexation upon retiring is lower and lower. If we continue like this, we will all be welfare cases when we retire," she told reporters in Vukovar.

She said the pension system reform was imperative because in many counties the number of pensioners far exceeded that of persons employed.

Asked about new retirement legislation, Sikic said it was a proposal that must be discussed publicly, including all social partners, followed by parliamentary procedure. "In passing the law, we will accept all suggestions by our partners."

Last update: Fri, 22/04/2016 - 15:06

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