Can citizens attract 10% of the means from the Trust?

However, the idea of Minister Bajrami for the time being cannot be implemented with the current legal framework, since under the law on individual accounts at the Kosovo Pension Savings Fund, the tools adopted in individual accounts can be taken in only three cases. In the case of retirement, death, and physical inadequacy of the designated individual, or in this case the contributor. Otherwise, in no other case, such savings cannot be exploited.

“Pandemia caused serious damage. We have to invest up to 2.5 billion from the budget. 70% of businesses will be subsidised. We're also discussing with the Trust to allow for a 10% withdrawal. She said yesterday.

According to Minister Bajrami, the Trust will allow the possibility that each can go to attract up to 10 per cent of its savings, meanwhile, by the Trust for Economic Bulletin only confirmed that the Trust implements the current legal basis, where citizens are able to withdraw their savings in only three cases mentioned above, at the time of retirement, death and physical inadequacy of the designated person.

And the idea of Minister Bajrami was to enable this withdrawal of alocular means by citizens, the change of two provisions of the Law on Pension Savings must initially be made so that the Trust can allow it.

In contrast, Jeton Demi, the Public Relations Manager within the Kosovo Pension Trust, said that to make it possible to attract pension savings, it must certainly become the preparation of a new legal framework.

“-so it turns out that to make it possible to attract pension savings, in addition to the possibilities currently, it's necessary to prepare the legal framework”, Demi has said of the Economic Bulletin.

Otherwise, according to Minister Bajrami, the categories that would be repaid were these: those who have 10 thousand euros saved means would all be repaid, those who have more than 10,000 could be repaid up to 50%, and those who have more than 20 thousand saved means could not be repaid at all.

The basic “ide has been to withdraw 10%. This isn't very problematic for Trust. You know Trust has investments. But she could sell bonds for a period of written time. All we need is a change of two articles to let Trust do this. We are now in consultation with experts whether the Government will remour in a whole period, or just a few. These are going to be categories. Those with 10 grand are gonna remunt everything. Those who have over 10,000 are thinking of returning 50%. While those with more than 20 grand saved, they may not be repaid at all”, she said.

Meanwhile, she said that understanding on the part of Kosovo's deputies is also required for the budget passage in the Parliament.

Emergency package is working as we speak. Meanwhile, we seek the understanding of MPs for the budget to pass, Bajrami added away.