Social and pension insurance
All employees earn the right to social security and pension payments through mandatory social and pension insurance paid by an organization or employer where he or she is employed.
From the social and pension insurance which has to be paid in a form of a fee, the fund for mandatory social insurance is formed, which includes:
- Pension and disability insurance,
- Health insurance,
- Unemployment insurance.
The basis for the fee calculation is the average wage paid in the RS in the fourth quarter of the previous year.
The right to mandatory basic insurance is granted to all the employees as well as foreign citizens employed by a foreign legal entity or an individual in the RS, if it has not been regulated otherwise by an international treaty.
A person becomes entitled to the insurance on the day of the start and terminates on the day of termination of employment. Every insured person must be at least 15 years old.
More information on Social Security can be found on the website of the Republic Fund for Pension and Disability Insurance.
Information provided by EURAXESS Serbia