Serbia currently has 1,652,900 pensioners, who received an average pension of RSD 45,719 in October. With a 10.9 percent increase scheduled for January, the average pension is expected to rise to around RSD 50,000. Over the past year, pensions have already increased by 20 percent, although this increase has not been adjusted for inflation.
Of the total number of pensioners, 66.5 percent receive an old-age pension, 13.9 percent receive a disability pension, and 19.6 percent receive a family pension.
With the announced 10.9 percent increase, the average pension of RSD 45,719 would increase by approximately RSD 4,983 (about 43 euros), reaching RSD 50,702.
According to the PIO Fund, the nominal growth of average pensions from September 2023 to 2024 is 20.95 percent. However, when considering the inflation rate of 4.2 percent in September, the real purchasing power of pensioners has increased by around 16.75 percent. This means that pensioners can now afford approximately 16 percent more goods and services than they could before the pension increase.
Currently, 62,544 pensioners receive the smallest pension, up to RSD 10,000, which accounts for 3.8 percent of the total pensioner population. Another 37,235 pensioners receive pensions up to RSD 15,000, which is about 2.3 percent.
Looking at the broader distribution, 12 percent of pensioners receive pensions between RSD 20,000 and RSD 24,987, while 13.1 percent receive pensions between RSD 60,000 and RSD 80,000. The lowest amount for a full pension is RSD 24,987, received by 9.35 percent of pensioners, or 131,545 individuals.
In central Serbia, which includes Belgrade, 1,214,930 pensioners receive an average pension of RSD 45,553. In Vojvodina, 409,521 pensioners receive an average pension of RSD 46,301. Meanwhile, in Kosovo and Metohija, 28,449 pensioners, who receive pensions from the Serbian budget, have an average pension of RSD 44,136.
