Pension

In a recent revelation, the National Statistical Institute disclosed that the average monthly pension disbursed in Bulgaria for January 2023 hovers around EUR 383. Delving deeper into the data, it showcases a disparity between genders, with women receiving an average of EUR 333, while their male counterparts receive EUR 457.

In a recent update on the Labour and Social Policy Ministry's achievements from June to December 2023, Minister Ivanka Shalapatova revealed plans for a significant increase in the minimum monthly wage, set to rise to BGN 933, marking nearly a 20% increment from its current level. This move is anticipated to positively impact over 500,000 workers across the country.

The Single Social Security Entity (EFKA) has entered a trajectory of fiscal balance and actuarial sustainability.

That is the view of both the European Commission in its recent report on the third evaluation after enhanced supervision, and the Organization for Economic Cooperation and Development (OECD) in its report on pensions.

The Organization for Economic Cooperation and Development on Wednesday presented the paradox of the Greek social security system, and generally the distorted way of the country's development in the last few decades, in its report on pensions (Pensions at a Glance 2023).

As he said, they came before the citizens with a program, plans and promises.
Vui said that the campaign they ran was very good and that he's satisfied.

The Single Social Security Entity (EFKA) has planned for successive payments before Christmas to 2.5 million pensioners, in order to pay all the beneficiaries without exception, both the January pension with an integrated increase of 3%, as well as the personal difference allowance, to those who are not entitled to a raise.

Greece is one of the worst countries in the European Union for a child to live in, as it appears that the youngest citizens pay the highest price for the chronic inadequacies of the state, the low quality of the education system and the health system, as well as the inability of the social protection system to really and effectively support them.

About 2.3 million citizens who belong to the most vulnerable social groups will share the amount of 353 million euros from the budgetary overperformance, the government announced on Thursday.

The social security system - a pillar of democratic societies and one of the fundamental rights of their citizens - functions within specific conditions and boundaries.

A significant shift in Bulgaria's pension landscape is on the horizon, as the minimum pension for service and age is slated to surge by 11% under the Swiss rule, reaching BGN 580 starting July 1, 2024. Alongside this increase, widow's supplements are also expected to see a rise, as per insights from "Sega."