The Pension System of Bosnia and Herzegovina: Problems and Perspectives

Abstract

The ageing of population, economic crisis and expectation that state should ensure the social security and adequate living standard to its citizens are imposing a big pressure on modern state budgets and pension systems. In this paper we will state all main problems of Pension System of Bosnia and Herzegovina, with a special accent on the political system interference in reform strategy and process. We will also identify the main guidelines for reform process, and once again emphasize the importance of benevolent political system into its implementation.