In SKOPJE story “Macedonia Launches Voluntary Pension Insurance Tier” please read in the seventh paragraph "As of January 2009, mandatory pension insurance contributions of employees in Macedonia are set at 19% of gross wage, split between the first pillar represented by the state-run pension fund PIOM, and the second pillar represented by privately held pension funds." INSTEAD OF “The first pillar, represented by the state-run pension fund PIOM, accumulates contributions equal to 13.78% of gross wage, out of total 21.20% paid by employees for mandatory pension insurance. Contributions into the second pillar, represented by privately held mandatory pension funds, account for 7.42% of gross wage.” (corrects figure for mandatory pension insurance contributions calculated as percentage of gross wage).
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BucharestJun 30, 2026Marrakech
