Serbian Pension Fund to Increase Pensions and Benefits by 7.5 Percent in December

The Republic Pension and Disability Insurance Fund (PIO Fond) has issued a decision to increase pensions and various benefits by 7.5 percent starting in December 2026. This decision was published in the Official Gazette of the Republic of Serbia. The adjustment follows the legal framework established by the Pension and Disability Insurance Law and the Statute of the PIO Fund. The new rates will be applied to the pension amounts that were established during the previous adjustment in December 2025.

Details of the pension and benefit increases

The 7.5 percent increase applies to both the minimum pension and the value of the general score (opšti bod). According to the decision, the increased pension amounts will be paid out starting with the December 2026 pension, which most users will receive in January 2027. Pensioners do not need to submit a separate application for this increase, as the PIO Fund will adjust the amounts automatically.

The increase also extends to several types of monetary benefits. For example, the maximum amount for the monetary benefit based on disability under Article 224 of the Pension and Disability Insurance Law is set at 54,677.05 dinars starting in December 2026. Additionally, the funeral expense benefit is set at 92,112 dinars starting in December 2026. This funeral expense benefit is paid to the person who covered the funeral costs of a deceased pension recipient.

New retirement requirements for women

In addition to the financial adjustments, new requirements for retirement will be implemented at the start of the next year. Starting January 1, 2027, women will need to be 64 years and two months old with at least 15 years of service to retire. These regulations are part of the ongoing legal framework governing the pension and disability insurance system in the Republic of Serbia.

The pension adjustment is calculated based on the amounts established by the previous adjustment in December 2025. The PIO Fund manages these adjustments to ensure compliance with the Pension and Disability Insurance Law. This upcoming increase ensures that both minimum pensions and disability benefits are adjusted according to the current statutory requirements and the established general score.

Glossary

• Official Gazette of the Republic of Serbia — The Official Gazette of the Republic of Serbia is a publication used for the exercise of founding rights in public enterprises, public institutions and organizations. It serves as a medium for publishing government decisions and laws.