ПРОГРАМИ
en de ru fr es sr gr al tr ro
Podcast in English
Share
Text size
Bulgarian National Radio © 2024 All Rights Reserved

NSSI proposes reforms to secure Bulgaria's pension system

In 2023, there will be 68 pensioners per 100 insured workers in Bulgaria. By 2070, the ratio is expected to be 78 pensioners per 100 insured workers. This information comes from a 2024 report by the National Social Security Institute, which forecasts the state of the pension system in 2070 in the face of an ageing population, increasing life expectancy and a declining number of contributors, according to online newspaper The Dnevnik.

To stabilise the pension fund, the institute proposes two options. The first option is to gradually increase the pension contribution rate for those born after 1959, starting in 2025. This increase would be one percentage point every five years and would reach 19.8% of insured income in 2045.

The second option is to change the formula for the annual pension adjustment, which currently takes place on 1 July. At present, pensions are increased by half the rate of inflation and half the growth in insured earnings from the previous year. However, if pensions were only adjusted for inflation, this would reduce pension costs in the medium and long term, according to the institute.

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.
Radio Bulgaria News    ageing demography nssi pensions

More from category

Vice President Iotova presents replica of a Thracian phial to the mayor of Los Angeles

Vice President Iliana Iotova met with Mayor of Los Angeles Karen Bass. Iotova paid a visit to the American city on the occasion of the opening of the exhibition "Ancient Thrace and the Classical World. Treasures from Bulgaria, Romania..

published on 11/5/24 11:26 AM
Vesna Bendevska

The rulers in Skopje continue to repress the Bulgarians in Bitola

The Deputy Speaker of the Parliament of North Macedonia, Vesna Bendevska, has reported to the Prosecutor's Office in Bitola that the Bulgarian cultural club "Ivan Mihailov" in the city continues to function, despite its deletion from..

published on 11/5/24 10:47 AM

Four of the MPO clubs met in Indianapolis

A meeting of representatives from four clubs of the Macedonian Patriotic Organization (MPO) in the USA and Canada, took place in Indianapolis. The meeting included the clubs of "Pirin" (Chicago), "Bistrica" (Cincinnati), "Todor..

published on 11/5/24 9:38 AM

WEATHER
Pick city: Sofía
Clear
Min: -1 | Max: 14
Clear
Min: 7 | Max: 12
Clear
Min: 5 | Max: 10
Clear
Min: -3 | Max: 13
Clear
Min: 2 | Max: 12
Clear
Min: -1 | Max: 13
Partly Cloudy
Min: -1 | Max: 12
Clear
Min: -1 | Max: 10
Clear
Min: 3 | Max: 12
Clear
Min: -3 | Max: 14
Partly Cloudy
Min: -1 | Max: 12
Clear
Min: 1 | Max: 11
Clear
Min: -1 | Max: 12
Clear
Min: -2 | Max: 11
Clear
Min: 4 | Max: 12
Clear
Min: 1 | Max: 13
Clear
Min: 2 | Max: 10
Clear
Min: 4 | Max: 12
Clear
Min: 3 | Max: 12
Clear
Min: 4 | Max: 14
Clear
Min: -1 | Max: 10
Clear
Min: -2 | Max: 12
Clear
Min: -1 | Max: 14
Clear
Min: 1 | Max: 10
Clear
Min: 2 | Max: 13
Clear
Min: -1 | Max: 10
Clear
Min: 0 | Max: 13
BULGARIA IN PICTURES
Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?
Yasen Gyuzelev
Theodore Ushev
Christo Javacheff - Christo
Ilia Peikov
Lika Yanko

BULGARIANS ABROAD

Български English Русский Deutsch Српски Français Ελληνικά Español Shqip Türkçe Română
MOST VIEWED

Migrating wild boars spread African swine fever in Europe

Over 1/3 of the cases of African swine fever among wild boars in Europe have been registered in Bulgaria , the Association of Pig..

published on 11/4/24 10:42 AM

Bulgaria signs engineering contract for new nuclear capacity with Westinghouse and Hyundai 

An engineering contract for the construction of new capacity at the Kozloduy Nuclear Power Plant (NPP) has been signed by NPP Kozloduy - New Capacities..

published on 11/4/24 3:14 PM

Sub-zero morning temperatures and cool sunny weather during the day

On Tuesday , the lowest temperatures will be between minus 3° and 2°C, in Sofia - around minus 1°C. During the day it will be sunny,..

published on 11/4/24 6:50 PM

english@bnr.bg

+359 2 9336 661

Общи условия за използване на сайта | Политика за поверителност | Политика за "бисквитки"