Pension

Thanks to good fiscal results, salaries and pensions will be increased by the end of the year.

The minimum labor cost to be raised as well, Labor Minister Aleksandar Vulin told RTS on Tuesday.

Thanks to good fiscal results, salaries and pensions will be increased by the end of the year.

The minimum labor cost to be raised as well, Labor Minister Aleksandar Vulin told RTS on Tuesday.

Head of the Confederation of Independent Trade Unions in Bulgaria, Plamen Dimitrov, has said that 70% of workers in Bulgaria receive below the average salary, BNR reported.

Slovenia's Parliament adopted amendments to the Pension and Disability Insurance Act, according to which pensioners who meet all requirements would have a guaranteed pension of EUR 500, BNR reported.

The act aims at making the minimum pension in that country EUR 500 per month, so that poor pensioners do not have to ask the state for additional assistance.

The draft memorandums of understanding submitted to the Finance Ministry on Monday by the European Commission and the International Monetary Fund provide for the possibility of cuts to supplementary pensions from 2019, the lifting of regulations on Sunday trading, the abolition of the Labor Ministry's veto on group layoffs and the extension of the collective labor negotiations' suspension until

The amount of the average social security income for Bulgaria in February 2017 was BGN 791.26, the National Social Security Institute (NSI) announced.

The average social security income for the country for the period March 1, 2016 - February 28, 2017 was BGN 777.36.

The Labor Ministry's main plan to save 1 percent of gross domestic product from 2019 pension expenditure provides for reductions even to very low pensions if the recalculation process shows a difference from the original calculation according to the previous method, the so-called "personal difference."

Greece needs to return to the international markets. Uncertainty and retractions have cost the country dearly.

The government chose a painful compromise because it understood the dangers. It could have opted to partially protect the vulnerable, but it preferred to battle in favor of its obsessions and partisan issues.

A circular issued on Thursday by the Labor and Social Security Ministry opens the way for the long-anticipated payment of outstanding pensions but also provides for an average cut of 15-20 percent to the pensions of those who retired after May 13, 2016, when the new legislative framework cleared Parliament.

The government is negotiating a fresh reduction to some auxiliary pensions with the country's creditors in a bid to protect pensioners whose total income comes to less than 1,000 euros per month (as a sum of main and auxiliary pensions).