# Pension fund management controversies

> Developing situation record from CLSTR: https://clstr.news/situations/pension-fund-management-controversies
> Updated: 2026-10-28T11:03:47.000Z. Sources: 12. Developments: 2.

The PIOM Fund in North Macedonia issued a statement denying insolvency claims and asserting that pension payments are secure due to state guarantees. Management noted systemic anomalies, such as unpaid contributions, and indicated that discussions regarding reforms are ongoing with the Ministry of Social Policy, Demography and Youth.

In Serbia, the High Public Prosecutor's Office in Belgrade ordered a police investigation into the Republic Fund for Pension and Disability Insurance (PIO Fund). Criminal complaints were filed against Director Relja Ognjenović and others for suspected abuse of office and the unauthorized destruction of official documents. While trade unions allege that documents were being shredded to hide compromising evidence, the PIO Fund maintains that document destruction is a standard procedure conducted according to ISO standards to protect personal data.

## Claims

- Official documents are being systematically destroyed using shredding machines behind locked doors at the PIO Fund headquarters. (reported by 3 sources)
- The PIO Fund claims document shredding is a standard procedure to protect personal data in accordance with ISO standards. (reported by 2 sources)
- Union members successfully rescued bags containing shredded documents as evidence. (reported by 6 sources)
- The High Public Prosecutor's Office in Belgrade has ordered police to investigate the alleged destruction of documents. (reported by 3 sources)
- The prosecution requested information from the State Audit Institution regarding the Fund's financial management since 2022. (reported by 3 sources)
- The investigation is checking if the PIO Fund used Pošta Srbije to send a letter from the President to all pensioners. (reported by 3 sources)
- Criminal complaints were filed against PIO Fund director Relja Ognjenović and other unidentified persons. (reported by 2 sources)

## Timeline

### 2026-10-28: PIO Fund Director under investigation for alleged document destruction

Belgrade prosecutors have launched an investigation into PIO Fund Director Relja Ognjenović following allegations of systematic document destruction and abuse of office.

12 sources. https://clstr.news/cluster/serbian-pio-fund-director-faces-allegations-of-document-destruction

### 2026-10-06: PIOM Fund denies claims of insolvency, guarantees pension payments

The PIOM Fund denied claims that Director Nikola Memov warned of fund insolvency, asserting that pension payments are secure and guaranteed by the state budget.

3 sources. https://clstr.news/cluster/piom-fund-denies-claims-of-insolvency-guarantees-pension-payments

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Cite as: Pension fund management controversies. CLSTR, https://clstr.news/situations/pension-fund-management-controversies