Pension System in Croatia


The Three-pillar Pension System

Pillar 1 – Pay as you go (PAYGO) system financed by contributions and state budget revenues.
  • Contributions equal 20% of gross salary
  • Current retirees remain unaffected
  • Individuals over 50 will remain in pillar 1
Pillar 2 – Compulsory pension insurance based on individual capitalized savings—
  • pillar 1 contribution of 15% and remaining 5% into a private pension fund
  • Mandatory for individuals under 40
  • Individuals between 40-50 can choose between pillars 1-2
Pillar 3 – Voluntary pension insurance based on individual capitalized savings
  • open to all citizens since March 2002
Legal Regulations

The pension system in Croatia, and all its major subjects, are bound to strict legislatives comparable and compatible with modern and proven systems from around the World and Europe.

Below you can find two of the most important legal acts in today"s Croatian pension system legislature, together with amendments:

1. LAW ON PENSION INSURANCE COMPANIES AND PAYMENT OF PENSION ANNUITIES BASED ON INDIVIDUAL CAPITALISED SAVINGS
2. COMPULSORY AND VOLUNTARY PENSION FUNDS ACT

Pension Insurance Companies and... Annuities Act (.pdf 200 kB)

Pension Insurance Companies and... Annuities Amendment (.pdf 60 kB)

Compulsory and Voluntary Pension Funds Act (.pdf 153 kB)

Compulsory and Voluntary Pension Funds Amendment (.pdf 71 kB)

Decision on Promulgation of the Law on Changes and Amendments to the Compulsory and Voluntary Pension Funds Act (.pdf 75 kB)




















 
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