Social security in Australia

The Labor Ministry is seriously considering the dissociation of the social security contributions calculation for 1.4 million freelance and self-employed professionals and farmers from their declared taxable income.

Young workers registering with the new capital-building branch of the auxiliary social security fund (ETEAEP) from 2021 will likely be able to choose at what age - between 60 and 70 years old - they want to receive their auxiliary pensions.

Young workers registering with the new capital-building branch of the auxiliary social security fund (ETEAEP) from 2021 will likely be able to choose at what age - between 60 and 70 years old - they want to receive their auxiliary pensions.

The increased bereavement allowances due to some 60,000 recipients will finally be paid out by the end of September, as the agencies of the Single Social Security Entity (EFKA) have completed the necessary software adjustment.

With over 11 per cent higher first quarter earnings than a year ago, reported by the National Social Security Institute. January-March costs are only 2.6 percent higher than in the first quarter of 2018. 99 per cent of the costs for the period are for pensions and social benefits. Over BGN 2.7 billion have been paid for them.

1,322,300 pensioners will receive a supplement to their pensions for April, the press service of the Cabinet said. The supplementary amount to the pension is BGN 40 and will be paid to pensioners whose pension or the sum of the pensions together with the supplements and compensations for them in April is up to BGN 348  including the amount of the poverty line for 2019. 

Steps will be taken to ensure that not a single person's pension is lowered by revisions to the pension calculation rules that took effect at the start of 2019, Labour and Social Policy Minister Bisser Petkov said following an extraordinary meeting with Prime Minister Boyko Borrisov on 19th of March, reports BNT. 

The average social security income for the country in November 2018 is BGN 917.00, informs the National Social Security Institute (NSSI). The average monthly insurance income for the country from December 2017 to the end of November last year is BGN 884.37.

More and more men are taking paternity leave, according to an analysis by the National Social Security Institute, reports Mediapool. 

Their number has increased by about 20% over the period from 2014 to 2017 and the latest figures are over 21,000.

Costs for pregnancy and childbirth benefits increased by nearly 28% over the same period. The total amount reaches BGN 368 million.

A new fund providing auxiliary social security to about 2 million workers in different professions in the private sector has been the focus of talks among social partners, employer associations and the General Confederation of Greek Labor (GSEE), which have now entered an advanced stage.