pension reform (5)

Personal Finances 01.9.2026 Author: Simona Gotsova

Multi-funds offer the potential for a return of over 7% on the second pension

The average annual return for someone insured through a private pension company could exceed 7%, but only if they choose the riskiest subfund

Politics 26.2.2026 Author: Economic.bg

GERB, BSP, Vazrazhdane and DPS postponed pension reform

Parliament postponed the second reading of amendments to the Social Security Code (SSC) introducing multi-funds into supplementary pension insurance

Politics 10.10.2025 Author: Simona Gotsova

Gutsanov: The key to unlocking the pension system lies in the shadow economy

The key to improving the Bulgarian pension system lies in the grey economy and the undeclared billions in it. This opinion was expressed by Social Minister Borislav Gutsanov

Public Finances 26.6.2025 Author: Simona Gotsova

The current pension model carries the risk of tax increases in Bulgaria

Pensions are too dependent on taxes and fiscal policy, which can lead to debt and excessive budget deficits

Public Finances 18.6.2024 Author: Antoniya Simova

Accruing national debt to pay pensions? The IMF warns of problems in Bulgaria

In 2024, the Bulgarian budget will supplement the pension system with over 5 billion euros and so it may be necessary to take on new debt