pensions

Earlier this week, the new actuarial report of the National Social Security Institute (NSI) was released, with calculations and long-term forecasts for the state pillar of the pension system. To some extent, this report stirred up the spirits in the domestic media because it shows a serious deterioration in the financial condition of the state social security. Unfortunately, however, the comments …

Six years ago, on a pre-holiday December evening, hundreds of Bulgarian citizens protested in the center of Sofia against the nationalization of the second pillar of the pension system. A group of enthusiasts organized this happening under the slogan "Hands off pensions" to protect the private, real savings of every working citizen of ours. By …

Houston, we have a problem. Judging by all the news and statements from the government on the subject, it looks like Budget 2021 will be the most wasteful in a long, long time. The entire budget process and the discussions surrounding it are extremely puzzling to anyone with basic economic literacy. Why in …

Today, Prime Minister Borissov announced a new package of economic measures to combat the crisis worth 2 billion leva, with a strong emphasis on higher healthcare spending and social spending for pensioners and the unemployed. Although these social measures are not particularly large-scale in themselves, they signal a very wrong approach …

This week, the latest actuarial report of the National Social Security Institute was released, which analyzes the current financial state of the pension system and forecasts future developments. The report says in plain text that there is not enough money for pensions, and the deficit in the National Social Security Institute will continue to grow in the coming decades until 2070. As a result of …

On October 12, a roundtable was held with the participation of the state, private funds, and experts, which was supposed to decide what the rules should be for paying the first pensions from the second insurance pillar, which is due to be in 2021. Or at least that's what they expected from the Association of Private Pension Funds, …

The biggest threat to the integrity and the general meaning of the second pillar of pension insurance are the ideas to make it more "social" or "solidarity" on the model of the first (state) pillar. We must never forget that, in theory, the state and private pillars of mandatory pension insurance should complement each other. One …

Every year, with the voting of each new state budget, the topic of pensions is invariably raised. This year, the debate has been extremely heated, even reaching the point of statements that the second pillar of the pension system is a pyramid scheme. However, anyone who claims such a thing is lying to you, or simply does not …

This week, a huge hysteria broke out in the public sphere regarding the payment of "second" pensions from mandatory private pension funds. It became clear that the amount of the combination of state and private pension may turn out to be less than if you take only the state one. And because no one explained what it actually …

The activity of the experts from the EKIP continues in June with participation in media discussions related to reforms in the pension system and healthcare, the proposal to reduce VAT, entry into ERM II, legalization of marijuana, etc. The topic that most excited the public during the month was the proposal of the MRF to reduce …