Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Parliament approves three modes of payment of second pension at first reading

Photo: BGNES

There will be three ways for people born after 31 December 1959 to receive their second retirement pensions – as a lump sum, in installments or as a life annuity.

This was voted by the National Assembly, at first reading, as an amendment to the Social Insurance Code. The three ways are: a life old-age pension, payment  from the individual lots in installments, and lump-sum payment in those cases when the money accumulated does not suffice for any one of the prior modes of payment.

The opposition Bulgarian Socialist Party and Movement for Rights and Freedoms abstained with the motive that the Financial Supervision Commission rejects the bill. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

There is a parliamentary majority to form a coalition government

The parliamentary group "Democracy, Rights and Freedoms" - DPS will support a government of GERB-СDS, BSP-United Left and ITN in its vote in the National Assembly as part of the formation of a parliamentary majority.  Negotiations for forming a..

published on 1/15/25 9:53 AM

Bulgarian Consulate in Los Angeles issues recommendations to Bulgarians affected by the devastating fires

The Consulate General of Bulgaria in Los Angeles has issued recommendations to Bulgarians affected by the devastating fires in the city. The Federal Emergency Management Agency (FEMA) is offering assistance to those affected by the fires in California..

published on 1/15/25 9:43 AM

Bulgarian satellite Balkan-1 has been launched into space from base in USA

The Bulgarian satellite Balkan-1 has been launched into Earth orbit to transmit data for the EU's Copernicus programme . The satellite is a development of the Bulgarian company EnduroSat and was launched into space from the Vandenberg Space Force..

published on 1/15/25 8:40 AM