The Republic Pension and Disability Insurance Fund (PIO) reported a 14.6% increase in collected contribution revenues from January to September 2025 compared to the same period last year.
During this nine-month period, contributions were up by 95 billion dinars, with collections exceeding the 2025 plan by 22 billion dinars, or 2.4%, according to an official statement from the Fund.
Bojana Popović, Director of the Financial Affairs Sector at the PIO Fund, said that as of October 27, collected contributions were 25 billion dinars higher than planned. She added that higher contribution revenues have reduced the Fund’s reliance on budget transfers, which fell by 6.1% (or 16.3 billion dinars) compared to the planned 267 billion.
“As a result, the state subsidies have decreased from the planned 22% to 20.4%,” Popović noted.
Regarding the Financial Plan for 2026, Popović stated that total revenues and expenditures are projected at 1.365 trillion dinars, an increase of 12.2% (147 billion dinars) over the 2025 plan. This rise reflects the 12.2% pension adjustment, which aligns with the growth in net wages over the previous period — the most favorable formula for beneficiaries, she emphasized.
Transfers from the state budget are projected to make up 22.1% of the total funding in 2026.
The largest portion of expenditures will go toward net pensions, which will increase by 12.2% at the start of 2026. The average pension after the adjustment will amount to 56,860 dinars (around €485). All other benefits under the pension and disability insurance system will also be adjusted by the same percentage.
The PIO Fund’s Management Board also adopted amendments to the 2025 Financial Plan and formally approved the 2026 Financial Plan during its meeting on Monday.
