The average annual return for someone insured through a private pension company could exceed 7%, but only if they choose the riskiest subfund
Given current trends in Bulgaria, the country’s pension system may soon begin to be financed primarily from the budget rather than from social security contributions
The current model of the Bulgarian pension system encourages income concealment and the non-payment of required social security contributions
The trend of steadily rising expenditures in the State Social Security (SSS) budget exacerbates the risk to the fiscal sustainability of the entire social security system
The long-awaited roadmap for improving Bulgaria’s pension system – which was discussed throughout 2025 but which no one ever saw – is back on the agenda
One opportunity for the development of the second and third pensions we receive from pension insurance companies is the introduction of a multi-fund system in Bulgaria
Minister of Labor and Social Policy Borislav Gutsanov promised reform of the pension system next year. The Roadmap for improving the pension model
