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European Journal of Economic and Financial Research ISSN: 2501-9430 ISSN-L: 2501-9430 Available on-line at: http://www.oapub.org/soc Volume 2 │ Issue 3 │ 2017 doi: 10.5281/zenodo.925111 PENSION REFORM AND KOSOVO Gentiana M. Mjaku1i, Gresa M. Mjaku2 University of Pristina "Hasan Prishtina", Pristina, Kososvo 1 Tax Administration of Kosovo Economics, South East European University, Tetovo, Macedonia 2 University "Kadri Zeka", Gjilan, Kosovo Abstract: This article aims to study the reform of the pension system in Kosovo. In particular, the attention is paid to the new pension system in Kosovo, the reasons for reforming the pension system, the goals as well as the advantages and challenges of the multi-pillar pension model. Always, by trying to make comparisons of the new pension system in Kosovo with the previous one. The study is based on secondary data over the years, provided by different entities. The paperwork is of the theoretical nature of qualitative variables based on secondary data. In general, the findings and analyzes made in this paperwork reflect the period in which many other countries have gone through, including Kosovo. The findings of this study, on one hand, will serve as a summary for state institutions and as a lesson for policy-makers and managers of citizens' money and work, while on the other hand will be information tools for any student or citizen who wants to be informed more about the Kosovo Pension Trust. JEL: H55, H75, J32 Keywords: pension trust, Kosovo, the reform of pension system, self-sustainability 1. Introduction The purpose of this paperwork is to outline the reform of the Kosovo pension system. Given that in some respects, Kosovo's experience was unique, while in others the encountered issues are universal not only for Kosovo but for any country that starts a Copyright © The Author(s). All Rights Reserved. © 2015 – 2017 Open Access Publishing Group 218 Gentiana M. Mjaku, Gresa M. Mjaku PENSION REFORM AND KOSOVO comprehensive pension reform. The cessation of pension payments during the conflict in the late 1990s made it easier for Kosovo to abandon the old pension system and launch a new one. However, many aspects of the reform in Kosovo are very important for many countries, especially for small countries with insufficiently developed capital markets. Due to political factors and the pressure coming up from the interested groups, the reform pace was rapid. The regulation on pensions (Regulation 2001/35) was adopted by UNMIK at the end of December 2001, providing the legislative basis for Pillars II and III. All three components of the system became functional during 2002. For downloading the full article, please access the following link: https://oapub.org/soc/index.php/EJEFR/article/view/201 European Journal of Economic and Financial Research - Volume 2 │ Issue 3 │ 2017 219