First Law for Pension and Disability Insurance of Republic of North Macedonia as a sovereign,
independent and social state was published on 01 January 1994. Basic principle of this
Law is mandatory pension and disability insurance.
The reformed pension system of Republic of North Macedonia was implemented on 01 January
2006, as an important segment of the social policy of the Republic.
The pension and disability insurance system consist of:
• Mandatory pension and disability insurance based on intergenerational solidarity
• Mandatory fully funded pension insurance
• Voluntary fully funded pension insurance
All three pillars are regulated in separate laws:
Law for pension and disability insurance
Law for mandatory fully funded pension insurance
Law for voluntary fully funded pension insurance