Payment of October pensions begins on November 5

Payment of pensions for the month of October will begin on Thursday, November 5, 2015, it was announced from PIO/MIO FBiH, reports the BH News Agency Patria.

Pensions earned based on the Law on MIO/PIO 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. 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 Favorable Retirement of Defenders of the Homeland War will be calculated and paid according to the coefficient of 1.00.

The total funds required for the payment of October pensions, including costs, amount to approximately 156 million KM.