The increase of Bulgaria's retirement age with three months each year until 2014 will be once again discussed in the Bulgarian Parliament on Friday after President Georgi Parvanov vetoed the recent disputed amendment.

Last Sunday, Parvanov signed a decree to return the State and Public Social Security Act for 2012 to the Parliament for new debates. The lawmakers passed the Act on December 8, 2011.

Parvanov pointed out that the retirement reform adopted by the Parliament was "a single-handed refusal of those in power to fulfill commitments and legally outlined responsibilities, contradicting the established principles of social dialogue".

Prime Minister Boyko Borisov reacted by accusing the President of exercising his right to veto for political gains for his potential future political project after leaving office in January 2012.

The imposed veto is not expected to affect the increase of the retirement age in the country starting 2012, since the ruling centrist-right GERB has secured a majority in the parliament and the Act will be passed.

The oppositional left-wing Bulgarian Socialist Party has already declared that it will turn to the Constitutional Court with the demand to cancel the State and Public Social Security Act for 2012 once it is re-voted by the Parliament.