Australia and the Republic of Serbia have signed a new social security agreement that will improve access to retirement benefits for eligible people who have moved between the two countries.
Under the new agreement, former Australian residents living in Serbia will be able to claim the Australian Age Pension without having to return to Australia.
Conversely, former Serbian residents living in Australia will have better access to Serbian retirement pensions.
The agreement also includes provisions that allow people to combine periods of residence in Australia with periods of insurance contributions in Serbia to satisfy the minimum requirements for an Australian or Serbian pension, meaning they can access their pension sooner.
The new social security agreement is expected to come into effect in 2024, following the completion of treaty, legal and administrative processes in both countries.
Would you consider moving to another country with pension agreement with Australia?
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