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Pension reform proposed for North Macedonia capital investments
Nikola Memov, director of PIOM, has called for a reform of the pension system to allow second-pillar pension companies more freedom to invest in markets. Currently, over 300 million euros are directed into the second pillar, and while these funds can legally be invested in foreign exchanges, Memov suggests legislative changes to allow for domestic state capital investments.
Under this proposal, approximately 640,000 insured individuals could potentially become shareholders in state-owned enterprises like Chebren and Galishte. The state company MAPAS would be responsible for overseeing the placements of these funds.
The proposed methodology includes a tiered risk approach: younger insured persons would take on higher risks, middle-aged individuals would take on lower risks, and a third category of citizens would have no risk exposure.
Entities
Chebren · Galishte · MAPAS · Nikola Memov
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Approximately 640,000 insured persons could potentially become shareholders in companies such as Chebren and Galishte. vecer.mk
- [○ 1 SOURCE] Over 300 million euros are directed into the second pension pillar. vecer.mk
- [○ 1 SOURCE] Nikola Memov stated that the most important task for second-pillar pension companies is the ability to invest more freely in markets. vecer.mk
- [○ 1 SOURCE] There is a proposal to consider allowing pension companies to invest in state capital investments. vecer.mk
- [○ 1 SOURCE] A proposed risk-based methodology would assign higher risk to younger insured persons, lower risk to middle-aged, and no risk to a third category of citizens. vecer.mk
- [○ 1 SOURCE] The state company MAPAS would control the placements of these pension companies. vecer.mk