AmCham expresses its concern about the possibility of withdrawing pension savings

Prishtina, April 22, 2022 – The American Chamber of Commerce in Kosovo expresses its concerns about recent public discussions and legislative initiatives to enable the withdrawal of pension savings.

The American Chamber of Commerce in Kosovo strongly believes that such measures run counter to the purpose for which the pension savings fund exists and that the measure would have short-term socio-economic benefits.

Citizens’ pension savings should enable a dignified standard of living after their retirement, therefore reducing the value of pension savings will affect the standard of living in the post-retirement age.

The American Chamber of Commerce in Kosovo calls on the Government to consider reviewing tax policies for essential products in order to make the current situation of rising prices for the citizens of Kosovo affordable, especially those with a more limited level of income.