We will bear witness to the injustice coming to the new generation of pensioners and the fact that the investments into the retirement plan Tier 2 will only pay off for those retiring after 2035.

According to research published in the Magazine for Social Politics by Mrs. Liljana Marušić and Mr. Ante Škember, high positioned employees of the Croatian Pension Insurance Institute and experts involved in the pension reform that was in real life applied only half way, concluded that the pension value gathered in the next 26 years from both of the pension plans (Tiers 1 and 2) will be less than the value gotten from just the pension plan Tier 1. In 2002, approximately 900.000 people- 130.000 of employed citizens in the age group 40 to 50 and 770.000 of those under 40 years of age, began paying 5 % more into the pension plan Tier 2, which should have secured far better pensions that those given to the retirees so far. However, if we wanted the value to be really higher, the amount for the pension plan Tier 2 should have been slowly increased to 10 %, which did not happen. Even if the government corrects this amount now, those retiring with the pension plan Tier 2 within the next 15 years will still be at a loss. The first and biggest losers will be 130.000 people that could have chosen between staying in the plan Tier 1 or transferring to the plan Tier 2, especially if they have good earnings. Insurers that have earnings three times higher than the average, their basic pension value is only 40% of the value they could have gotten with plan 1.
(Večernji list)