New pension scheme in Albania? Here is what the World Bank recommends

2024-04-12 10:36:13Biznes SHKRUAR NGA REDAKSIA VOX

Soon a new scheme will be applied for pensions but also for social protection as a whole.

Given that the reform made in 2014 has closed its cycle and has not properly addressed the issues, the World Bank and the Albanian government are getting ready to implement a new reform, which aims to have more stability and bring higher income to retirees.

On the other hand, the World Bank identifies as problematic the fact that the increase in real wages is not followed by the increase in productivity.

As for the facilities being undertaken by the Ministry of Finance regarding the tax on high salaries, the World Bank suggests that fiscal policies be directed towards increasing income.