THE SYSTEM OF PRIVATE INSTITUTIONS OF SUPPLEMENTARY PENSIONS THE LEGAL FRAMEWORK AND ITS IMPLEMENTATION IN ALBANIA AND KOSOVO

Abstract

The article that I aim to present in this conference, if you will accept my work has as its object the system of supplementary institutions by private legal persons who receive a special authorization from the Financial Supervisory Agency. The social security right relatively a new branch of law, that is based on the law of year 1993 ‘On social insurance’ .The market of social insurance in Albania is regulated 
specifically by the Financial Supervisory Agency. The legal framework in Albania regulate the provision of supplementary benefit for the insured in case age pension, disability, and/or family pensions, through the supplementary pension arrangement in addition to those provided by law for obligate insurance. The innovation that is set out by this law is that in addition to the supplementary pension system will be implemented even the public system of the pensions that is administered from the private juridical persons.   At the same time I will explain with the comparative method and the legal or the framework regulation of regional countries about their experience in terms of the social insurance system that is one of the most discussed and most problematic in Europe and elsewhere.