Pension payments for October begin on 7 November

Pension payments for the month of October will begin on Friday, 7 November 2014, as decided at a session of the Management Board of the Federal Pension and Disability Insurance Institute, reports the BH news agency Patria. 

- Pensions based on the Law on MIO/PIO will be calculated and paid according to a coefficient of 1.816, meaning that the amounts of the lowest, guaranteed and highest pensions remain unchanged. Accordingly, the lowest pension amounts to 326.17 KM, the guaranteed pension to 434.90 KM, while the highest pension amounts to 2,174.48 KM.

Pensions based on the Law on the Rights of Demobilised Veterans and Members of Their Families, the Law on the Rights of Veterans and Members of Their Families, and the Law on Service in the Armed Forces of the Federation of BiH will be calculated and paid according to a coefficient of 1.485.

Pensions based on the Law on Early Preferential Retirement of Veterans of the Homeland War will be calculated and paid according to a coefficient of 1.00 - state from the Federal PIO/MIO Institute.

The total funds required for the payment of pensions for October, including costs, amount to around 150 million marks. The payment of pensions will last similarly to previous months.