Investing in Voluntary Pension Funds

Voluntary pension funds are a form of long-term savings for the old age. Each citizen is free to decide on membership and level of contributions to be paid into a voluntary pension fund. Voluntary pension funds are used exclusively for long-term savings and are under strict supervision of the National Bank of Serbia. By investing in a voluntary pension fund, you can earn extra pension. Regular pension is in no way connected with these investments.

Before you become member of a voluntary pension fund, we advise you to collect and compare data on several voluntary pension funds. Information on voluntary pension funds can be obtained in the offices of the fund management company and from their agents. The principal source of data is the Prospectus of the voluntary pension fund. Be sure to read the prospectus. Do not rely on advertising material alone. Be cautions with examples of pension amounts – get information about returns and fees used in the calculation and think whether they seem realistic to you.

The level of your funds in a voluntary pension fund is not guaranteed, but depends on the level of contributions you choose to pay, as well as on frequency and length of payment periods, returns earned by the voluntary pension fund and fees charged by the voluntary pension fund management company. If a voluntary pension fund to which you contribute fails to meet your expectations, you can transfer funds from you individual account to another pension fund.
For further information about voluntary pension funds, please dial the Call Centre of the National Bank of Serbia.