state pension system

In this article, I intend to shock you. I hope to achieve this by telling you in plain language that our pension system is practically bankrupt. And I will repeat it several times to get it into your head. Bankrupt and therefore in need of urgent reform – transition …

|Full text of the analysis| The state pillar of the pension system in Bulgaria is in a state of practical bankruptcy. The situation is so critical that for working Bulgarians, who are currently in their 30s or 20s, most likely there simply will not be money to pay their pensions when …