Pension payments start on September 5

Pension payments for the month of August will begin on Monday, September 5, 2016, it was decided at the session of the Management Board of the Federal Pension and Disability Insurance Institute, reports Patria News Agency.

Pensions earned based on the Law on Pension and Disability Insurance will be calculated and paid according to the coefficient of 1.816, which means that the amounts of the lowest, guaranteed, and highest pensions remain unchanged. Accordingly, the lowest pension is 326.17 KM, the guaranteed pension is 434.90 KM, while the highest pension is 2,174.48 KM.

Pensions earned based on the Law on the Rights of Demobilized Defenders and their Families, the Law on the Rights of Defenders and their Families, and the Law on Service in the Army of the Federation of BiH will be calculated and paid according to the coefficient of 1.485.

Pensions earned based on the Law on Early Preferential Pensioning of Defenders of the Homeland War will be calculated and paid according to the coefficient of 1.00.

The total funds required for pension payments for August, including costs, amount to approximately 162 million KM.