The goal of this report was to provide an insight into the situation with fully funded pensions systems in six countries on the Balkan Peninsula - Albania, Bosnia and Herzegovina, Kosovo, Montenegro, Serbia and the Republic of North Macedonia. Bulgaria, Croatia and Hungary accepted a mandatory and voluntary fully funded private pension insurance system, whereas the observed Balkan countries, with the exception of Kosovo and the Republic of North Macedonia, did not do it for various reasons. While there are many advantages to private fully funded pension insurance - primarily diversification of risk, better protection against political pressures, possibility to develop financial market and so on - there are also surveys that show relatively weak positive effects of such system.