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Pension system

It's time for pension reform, not political games

For the Christmas and New Year holidays, the government decided to give us a "small" surprise. In just a week, controversial changes to the Social Security Code (SSC) were voted on without any public debate or preliminary assessment of the impact of the adopted regulatory texts. Many question marks, disappointments and future economic shocks were tried by the government ...

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Nationalization of funds in private pension funds. Some effects of changes in pension legislation

At the end of last year, the ruling coalition, led by the right-wing (in words) GERB party, introduced changes to the pension insurance law, which are not just not a step in the right direction, but a leap in the exact opposite. Due to the great economic importance of the negative reform, it is important to highlight some …

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Incentives in the Bulgarian pension system

"I don't want to pay social security contributions while I'm working, and if I do, they should be as low as possible. I want to retire early and receive a large pension for many years." Although clearly devoid of any economic logic, this would be the dream pension system of a large part of the population. ...

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At a conference on right-wing social policy (sort of a report)

On July 17, in one of the smaller halls of the Balkan Hotel (former Sheraton) in the center of the capital, a conference was held under the title "Social Policy for Growth - the Right Path", organized by the Konrad Adenauer Foundation, affiliated with Mrs. Merkel's party in Germany. The main idea of the event, as explained by the hosts, is ...

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Voluntary alternatives to the welfare state

It is difficult to argue with arithmetic and, accordingly, with the thesis that the welfare state is facing bankruptcy. About 30% of everything produced in Europe and North America is seized by the state and spent to improve the well-being of certain social groups – the poor, children, pensioners, etc. However, this redistribution ...

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The bankruptcy of the welfare state

The effects of the disastrous monetary and housing policies pursued by the American government in the early years of the new century became visible around 2008 with the so-called beginning of the financial (later economic) crisis. In law, the economic distortions had long been present, and what we observed after the bursting of the bubble was actually the experience …

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Distrust in the National Social Security Institute

The upcoming deal with POK Doverie has caused serious controversy, with one of the most widespread opinions being Dimitar Sabev's article "Distrust in the Second Pillar", published on the Solidarna Bulgaria website. As we can assume from the title of the media outlet, the article's bias is quite anti-market (after all, as we have been told many times before...

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