Parliament Seals Bulgaria-Canada Pension Rights Deal
Retirement rights of Bulgarian immigrants in Canada received final guarantees Wednesday with the Parliament's ratification of the social security agreement between the two countries.
The agreement was signed in October 2012 in Canada by Bulgarian Labor and Social Policy Minister Totyu Mladenov and Canadian Minister of Human Resources and Skills Development Diane Finley.
It applies to regular pensions for years of service and to pensions for disabilities.
Under the agreement, the authorities of Bulgaria and Canada will sum up the periods that the respective individuals work in each of these countries in order to determine the right to a retirement pension.
The pension allocated by Canada will be based on the period in which the respective person made social security payments in Canada, while the pension allocated by Bulgaria will be based on the social security payment period in Bulgaria proven with the respective documents.
Thus, the Bulgarian immigrants in Canada will be getting two pensions – Canadian and Bulgarian – commensurate with the periods in which they made social security payments in the respective country.
In the event of a dispute as to where a certain individual had social security rights in any of the countries, final decisions are to be made by Bulgaria's National Social Security Institute and the International Operations Service of the Canadian Ministry of Human Resources and Skills Development.
The social security periods before the ratification will be eligible as well.
"70 000 Bulgarian expats will benefit from this agreement, which has been a long-awaited strategic document," the Member of the Parliament from the ruling Citizens for European Development of Bulgaria party, GERB, Svetlana Angelova, is quoted saying.
- » Speaker of The Bulgarian Parliament: The National Assembly and the EP Go Hand in Hand
- » Protests in Front of All Prisons in the Country are Expected
- » President of the EP Will Arrive on a Working Visit to Bulgaria
- » Car Drivers Are Now Passing Without Restrictions Through the "Vitinya" Tunnel
- » Bulgarian PM: We Must All Strive For Peace. War is Worse Than Anything
- » How is it Most Profitable to Heat During the Winter?