
Kosovo Pension Savings Trust (Trusti) has been established in August 2002 to administer and manage mandatory (and voluntary) pension contributions of Kosovo’s employees. Trusti is engaged primarily in keeping pension contributions, saved by Kosovo’s citizens during their employment, in individual accounts of contributors.
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Each company in Kosovo is obliged to pay contributions, each month for all employees. At the end of each quarter, employer has to report the sum of contributions for three months, for each employee to Kosovo Tax Administration. Data on this report has to comply with payments for contributions that are done by the company to commercial banks.
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Your contributions paid in the Trust are not taxes; they are mandatory savings. The new pension system of Kosova enables Kosovar employees to save for their future. The amount of your pension will directly depend from the amount contributed and from the growth of the assets invested.
moreAs of March 31 2011
* Before management fee deduction