This is the 10% withdrawal procedure if the Regeneration Law is adopted

This is the 10% withdrawal procedure if the Regeneration Law is adopted

At an extraordinary session tomorrow, the Economic Restitution Bill, the Law that failed to approve, is expected to be put on second reading. At the same time, contributors are meant to attract 10 per cent of pension savings to the Kosovo Pension Savings Fund. In a response to Blic newspaper, Trust spokesman, [...]

At the same time, contributors are meant to attract 10 per cent of pension savings to the Kosovo Pension Savings Fund. In an answer to Blic newspaper, Trust spokesman Jeton Demi has declared that preparations from this institution have already been carried out. He has stated that the withdrawal procedure will be based on distance (online).

“Sic we have made it known, we are expecting approval -- and then entering into force -- of legal changes that allow the withdrawal of 10%. Preparations are made according to the northition of the bill in the first reading, and we expect to see the final version again will have implications in the application process. The withdrawal procedure will be based on the internet, so it will not apply physically but in a distance. Details and instructions for application will let you know once we have the law in force”, Demi said.

Demi has said that the passage of vehicles through the citizens' accounts will be carried out, according to him, within a few days.

The application issue is projected to be simple, while the transfer of resources from Trust to Bank is thought to be carried out soon, within days or, in the most extreme scenario, within weeks. The second one depends on the flow of applications, but also technical details that can be revealed during the process. Then the time you will need contributors to realise the withdrawal from the bank, where there may also be increased flow procedures, does not depend on the Trust”, Demi said.

Otherwise, at the meeting held yesterday, the Commission for Business and Transfers in the Kosovo Assembly has approved recommendations for the draft economic recovery bill.

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