Pension

The Ministry of Labour and Social Protection (MMPS) announced on Monday evening that there is no intention to eliminate early retirement or to increase the minimum contribution time to 35 years. MMPS clarifications come after information in the public space alleged government's intention to increase the minimum contribution time and to repeal early retirement.

The average salary registered over 10 percent growth year-on- year.On the other hand, the share of remuneration from work in the overall household budgets has shrunk, while the share of incomes from pensions and social benefits has grown.

Speaker of the Chamber of Deputies Ludovic Orban, the national leader of the National Liberal Party (PNL), said on Friday that, in his opinion, as long as people remain economically active they have to pay contributions and taxes, regardless of their age.

Minister of Labor Raluca Turcan declared that the draft normative act regarding the possibility of people who meet the retirement conditions to continue working was adopted in first reading. "There are some specific regulations for the public sector, namely: when a person opts to extend the activity, then, if he/she meets the retirement conditions, the right to pension is suspended.

"Women in Bulgaria receive salaries which are an average of 14% lower than the salaries of men. This places the country within the "golden mean" among the other countries members of the EU," Ivaylo Dinev from the Institute for Social and Trade Union Research of the Confederation of Independent Trade Unions in Bulgaria (CITUB) said for the BNR.

Ljubljana – Four centre-left opposition parties propose the National Assembly call a consultative referendum on the government-sponsored bill on the National Demographic Fund, arguing its concept is flawed. If their proposal is not adopted, they will initiate a legislative referendum once the bill is passed.

Ljubljana – After discussing the government’s Demographic Fund bill at the request of the opposition, the parliamentary Commission for Oversight of Public Finances decided on Friday that the concept did not provide a long-term sustainability of pension funding. It thus called on the government to draw up a new, better solution.

The Finance Ministry will use 600 million euros, already provided for by the budget, to cover the increased need for social benefits this year due to the drop in incomes.

Bucharest, Feb 14 /Agerpres/ - The Save Romania Union - Party of Liberty, Unity and Solidarity Alliance (USR PLUS) co-president Dacian Ciolos on Sunday rejected the hypothesis that the 2021 budget would be an austerity one, noting that pensions and salaries will increase based on previous decisions, and investments will go up as well.

Bulgaria's government has spent an additional EUR 3 billion on wages and pensions during its current term of office as compared to 2017, this country's Premier Boyko Borissov said during his visit to the town of Yambol (Southeastern Bulgaria).