Bulgaria's Military Introduces Retirement Age to Get Salary Hike

Politics » DEFENSE | September 29, 2012, Saturday // 17:23
Bulgaria: Bulgaria's Military Introduces Retirement Age to Get Salary Hike Bulgarian Defense Minister Anyu Angelov (left) in Varna. Photo by BGNES

Bulgaria's Defense Ministry has negotiated an 8-10% salary increase for the military with the Finance Ministry, Defense Minister Anyu Angelov announced Saturday.

According to Angelov, the increase of the salaries in the Bulgarian military will be made possible by economizing Defense Ministry's own funds by introducing a retirement age for the military officers.

Junior officers and sergeants in the Bulgarian military will be retiring at 52, while senior officers – at 54, the minister said.

Pilots, paratroopers and special force members will have to retire at 42-44 depending to their exact function, he added.

"This [retirement system] will guarantee the servicemen and servicewomen career development and greater security," Gen. Angelov told Darik Radio on Saturday adding that the Defense Minister will be unable to dismiss members of the military with than 27 years of service unless they have reached the specified retirement age.

The new retirement age system in the Bulgarian armed forces is said to guarantee compensations in the event of dismissal in the amount of 20 monthly salaries.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Defense » Be a reporter: Write and send your article
Tags: Defense Minister, Defense Ministry, Finance Ministry, salary increase, military, Bulgarian Army, armed forces, Retirement age, Retirement, pensions, pension, pension system, retirement system, military officers, Anyu Angelov
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria