The National Bank of Serbia has accepted the proposal of the Pension and Disability Insurance Fund, in accordance with the circumstances, to allow a delay in repayment of loans to pensioners, which is otherwise carried out under an administrative ban.
With the decision of the National Bank of Serbia, the Pension and Disability Insurance Fund will not suspend administrative bans on pensions based on the bank loan installments, starting with the payment of pensions for March 2020, the pension fund confirmed yesterday.
The debt repayment deadline (moratorium) applies to loans to banks and occurs no later than March 31, 2020, except that the moratorium may not be less than 90 days and will continue until the emergency introduced by the pandemic is in effect.
With this decision, the National Bank of Serbia accepted the proposal of the PIO Fund to allow, in accordance with the circumstances, the application of a moratorium on debtors of the bank who are retired and for which repayment of the loan installment is suspended by virtue of an administrative ban.
If the pensioner debtor refuses the moratorium, or wants to continue with regular repayment of the loan during the state of emergency – it can do so by paying the installment to the bank, PIO points out.
The Pension and Disability Insurance Fund will not suspend beneficiaries’ pensions under executive orders, starting with the payment of pensions for March 2020, which is in accordance with the Executive Instruction Manual during the State of Emergency issued by the Chamber of Public Enforcement Agents.
Pursuant to the Instruction, the cases in which enforcement of the enforcement of a debtor’s pension has commenced, no suspension of part of the pension will be made in accordance with the conclusions and decisions issued by the public executors in the previous period.
The suspension will continue after the lifting of the state of emergency in the Republic of Serbia. The lowest loans are taken by retirees between the ages of 70 and 80, and by far the most are borrowed, taking cash between ‘0 and 70 years of age.
The Pension Fund will not enforce suspensions on beneficiaries’ pensions under executive orders, also beginning with the payment of pensions for March 2020. This is how they certify in accordance with the bailiff’s work order during the state of emergency issued by the Chamber of Public Enforcement Agents.
Pursuant to the Instruction, in cases where enforcement of a debtor’s execution has commenced, there will be no suspension of part of the pension according to the conclusions and decisions issued by the public executors in the previous period.
The suspension will continue after the lifting of the state of emergency in the Republic of Serbia, concluded the PIO, Kamatica reports.
