Pension calculation: Those with minimal wages will not exceed 24K RSD

Beginning January 1, 2023, the retirement limit for women is moving up again, and it will continue moving until 2032 when the limit for women and men should be equalized at 65 years.

Therefore, it is not surprising that questions from middle-aged and young people are heard about whether they will live to retire, what is going to be the age limit in the future, and how old they will have to be when they retire.
According to the calculations of the Fiscal Council, everyone who worked for 40 years for the minimum wage (which rose to slightly more than 40,000 RSD from January 1, can count on a pension of 23,596 RSD today. For those who earned more than the minimum wage for 40 years and a salary of about 50,000 RSD per month, the pension would be 29,495 RSD.
Those who made 70,000 RSD would receive a cheque of 41,290 RSD, while those who earned 90,000 RSD can expect a cheque of around 53,000 RSD (53,090 RSD). "After the latest increases in pensions, the income for retired workers with 40 years of service in this year is around 58 to 59 percent of their earnings.
It is a more relevant indicator than the ratio of the average pension to the average salary (which is, understandably, the most often cited by the general public) because the average pension includes family pensions, disability pensions (which have been subject to embezzlement for years), as well as agricultural pensions - which are much lower the average pension," said Nikola Altiparmakov, a member of the Fiscal Council, for "Blic" daily.
Mr. Altiparmakov also added that even the majority of older-age pensioners do not have 40-year work experience (the average is about 32 years of experience), so the ratio of average salaries and pensions is much lower than the 58-59 percent of...