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Life is a natural course, full of the uncertainty and temptation of every human being. In order to make our lives peaceful and have a peaceful future, we try to provide various ways to ensure that we make our lives safer. The pension insurance system is very important for every country from a social, economic and financial point of view. Pensions are primarily a social category because they represent the income of people who are unable to earn a living due to age or illness and as such reflect the social function of the state. In most of the transition countries, reforming processes in the field of pension insurance have been initiated or are under way in order to establish a sustainable functioning model. In Serbia, in the period from 2001 to 2016, attempts were made to reform the pension insurance system in order to solve the inherited unfavorable situation, but still without significant effects. An integral part of the paper is the results of the research conducted with the aim of obtaining the attitude of Belgrade residents about the existing mandatory pension insurance and trust in the same, as well as the view on the need to take additional measures and activities in order to realize a comprehensive reform in the field of pension insurance. Starting from the established goal of the research, it can be concluded that the hypothesis was established that the inhabitants of Belgrade are not satisfied with the existing situation in the pension insurance system, that they consider the pension fund to be vacant and that as such it does not guarantee safe pensions. This indicates that additional measures and activities of the competent state authorities and institutions should be undertaken in the forthcoming period in order to fully implement the projected reform goals in the field of pension insurance.