Personal finance
Viable social security system, but only on low pensions
The sustainability of the social security system is considered assured until the distant 2070, according to a new study by the National Actuarial Authority submitted to the competent department of the European Commission.
Bulgarian Deputies Approve BGN 100 Easter Supplement for Poorest Pensioners Only
In a recent decision made during an extraordinary budget and finance committee meeting, deputies opted to grant a BGN 100 supplement for Easter solely to pensioners whose pensions fall below the poverty line. This means that those receiving pensions above this threshold will not be eligible for the holiday supplement.
5 Greek Isles for Tranquil Getaways
Peaceful island getaways, free from throngs of vacationers cramming streets and shores
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Working pensioners stand to reap benefits
Working pensioners have four months to apply on the special platform of the Single Social Security Entity (EFKA) to have the 10% special contribution deducted from their wage which will eventually lead to an increase in their pensions to the tune of up to 3,500 euros annually.
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Banks: When do the 6 euro commissions begin – Which accounts are affected
The way of transition will depend on the link between the monthly fee and the promotion of other benefits or incentives
Greece launches job program for long-term unemployed seniors
Greece's Public Employment Service (DYPA) has launched a subsidy program to open up 1,300 jobs for long-term unemployed people aged between 55 and 74, the labor, interior and economics ministries announced on Monday.
The program will have a budget of €31.2 billion and span 24 months, aiming to create 1,300 new full-time jobs in the public healthcare sector.
Pension, healthcare contributions to rise for self-employed
The vast majority of self-employed professionals, who choose the lowest (or first) social security category, will pay almost 8 euros per month or €95.52 per year more in their contributions for main pensions and healthcare, in line with the inflation rate of 2023.
Average Monthly Pension in Bulgaria Stands at EUR 383
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.
New rules for pensions are in force: the PDI fund changed the provisions
According to the amendments to the Law on Pension and Disability Insurance (PDI), which entered into force on September 15, 2023, effective from January 1, 2024, in the event of the death of a pensioner, the amounts of pensions and cash benefits belong to the last day of the month in which the beneficiary is passed away, announced the PIO Fund.
This is the highest pension in Serbia
According to the last available statistical report of the Serbian PDI Fund, the highest pension in Serbia is exactly RSD 200,475.
Practically, and as per the Law on PDI, no retired person in Serbia can register more than 45 years of service or a personal coefficient higher than 3.8. Thus, therefore, the pension is "fixed" at this amount.
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