The Disability and Pension Fund of the Republic of Serbia has been established pursuant to the Law on Pension and Disability Insurance, for the purpose of executing rights from pension and disability insurance and providing funds to execute these rights. The fund is a legal entity with the status of organization for compulsory social insurance, with rights and obligations determined by the Law and Statute. The Fund provides pension and disability insurance for all persons who are, by Law, compulsory insured and covered by this insurance, regardless of their employment status (employed, self-employed, or farmers); determines the basis for paying contributions in accordance with the Law; provides for dedicated and economical use of resources; provides direct, efficient, reasonable and lawful execution of rights ensuing from pension and disability insurance, organizes activities for implementation of the insurance; controls registration for insurance, as well as all data necessary for obtaining, using and discontinuance of rights; organizes and implements pension and disability insurance, in accordance with the Law; performs international agreements; pays out pensions, reimbursements and other entitlements; and performs other duties in accordance with the Law and Statute of the Fund.