Five Percent Set Aside for Private Pensions

B92 News

October 26, 2006

Only five percent of Serbian workers set aside money for private pensions; the lowest percentage in the region.

According to the results of a survey for Southeast Europe done by Austrian bank Creditanstalt, about 32 percent of Serbians consider private pensions, while 61 percent have not even thought about the option.

About 70 percent of people under the age of 29 in Southeast Europe have not thought about how they will live off a pension later.

An average of only ten percent of the working population in the region believes that the state pension will be good enough, while half of those surveyed have not started to think about additional investments and other pension products.

Slovenians and Croats invest most in their future pensions, about 36 euros a month, while Serbs and the Polish are in second place with 27 euros per month.

Bulgarians and Romanians set aside the least amount of money monthly for pensions, about 15.9 euros.

The UniCredit Group, which Creditanstalt is a part of, has 17 million clients and 3,000 locations in central and eastern Europe and does business in Serbia through the HVB bank.