Serbia starts early payment of December pensions with 10.9% increase

The payment of December pensions begins today, and as promised, all pensioners will receive pensions increased by 10.9% by January 6, on Christmas Eve, announced the Minister of Finance, Siniša Mali.

“We are proud that all pensioners will receive their increased pensions one month earlier, starting from December instead of January. This is truly great news and a sign of, on one hand, the care for our oldest citizens, and on the other hand, the stability of our public finances,” he wrote on his Instagram account. He added that after this increase, the average pension in 2024 will be €394, while the average pension in the current year is expected to be around €436, more than double the amount in 2012 when the average pension was €204.

Mali emphasized that the pension increase is real, and that since the beginning of the global crisis in 2020, the pensions, including the most recent increase of 10.9%, have risen by 34.9% in real terms.

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“Despite all the global challenges, instability, and the world economic crisis, we have managed to preserve and increase the standard of living for our oldest citizens. We continue to pursue a responsible economic policy, implement major projects we have started, and improve the quality of life for the citizens of Serbia,” he said.

According to him, the goal is for the average pension in Serbia to reach €650 by the end of 2027, along with the minimum wage, while the average salary will be €1,400.

“This is a goal we will not and cannot give up on,” he concluded.

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Ognjenović: All pensions will be paid by January 6, with money available on accounts tomorrow

The Director of the Pension and Disability Insurance Fund (PIO), Relja Ognjenović, confirmed today that December pensions, increased by 10.9%, will be paid to all pensioners in Serbia by January 6.

As stated on the PIO Fund’s website, he emphasized that with the support of the Government of Serbia, particularly the Ministry of Finance, the Serbian Post, the Postal Savings Bank, and other banks, as well as the exceptional efforts of the employees of the PIO Fund who worked through the holidays, preparations were completed on time, ensuring that the pensions are paid ahead of the usual schedule.

Ognjenović announced that, starting tomorrow, January 4, all pensioners who receive their pensions through banks will have the money available in their accounts.