3 hours agoOda U.S. Against Trust withdrawal, shows why money should not be withdrawn.
Periskopi(4 years ago)
(4 years ago)At a time when the Kosovo Pension Fund-changing initiative has been put in the Republic of Kosovo Parliament agenda, the American Economic Oda in Kosovo has reiterated its concern over the possible approval of proposed changes, which would enable the withdrawal of part of the savings [...]
“Understanding the concern of the initials and followers of proposed changes in terms of raising the cost of living, the American Oda recalls that contracting pension savings on account of meeting current challenges affects prospects for dignified life after retirement age”.
Similarly, OAK says that given that part of the pension savings funds are invested in treasury bonds, the potential contraction of funds will also affect the state's prospects for realising capital investments, which on the other hand will slow economic growth.
The short-term socioeconomic benefits of enabling retirement savings would by no means exceed the negative consequences of such a measure. Therefore, policymakers in Kosovo, the ruling majority and the parliamentary opposition, but also other Heeders, must be involved in comprehensive dialogue with the aim of identifying relevant measures for overcoming the current crisis and what could follow in the coming months.
