20.5.2021

Notice for Members with Accelerated Retirement

Sava Pension Company a.d. Skopje notifies its members of the Open Mandatory Pension Fund Sava Pension Fund, that according to law, any mandatory pension fund members who have completed a service that reduces their retirement age by at least one year in accordance with the Law on Pension and Disability Insurance, as of 20 May 2021, shall have the right to choose whether to extend their membership in a mandatory pension fund, no later than 20 August  2021.

Such choice shall be made by a written Statement for Extension of Membership, and if the members do not submit this Statement by the deadline specified, their membership in the mandatory pension fund shall cease on 21 August 2021.

Sava Pension Company a.d. Skopje will deliver a written notification to all of its members who have acquired the right to provide such Statement, to their correspondence address specified in our records.

We recommend that before signing the Statement for Extension of Membership, any persons with accelerated retirement who have achieved a reduction of their retirement age of at least one year, should contact us at Kontakt@sava-penzisko.mk or on the phone number 02/15-500.

Upon mandatory pension fund membership termination, the Pension Company shall transfer the total amount of funds from these members' individual accounts to the Pension and Disability Insurance Fund of North Macedonia (PDIF).

Members who will not acquire the right to this choice shall remain insured only under the currently funded inter-generational-solidarity-based pension insurance (PDI Fund) from where they shall receive their pensions in accordance with law.

A fully funded pension insurance supervisor is the Agency for Supervision of Fully Funded Pension Insurance (MAPAS) (02) 3224 229, www.mapas.mk