Bulgaria Continues to Have Lowest Minimum Wage in EU
According to Eurostat data from July 1, 2024, Bulgaria has the lowest minimum wage in the European Union
Society | September 14, 2024, Saturday // 08:54
Consultations on Bulgaria's Pension Reform Continue
- Tweet
Send to Kindle
Bulgarian Deputy Prime Minister and Minister of Labour and Social Policy Ivaylo Kalfin. Photo: BGNES/EPA
The second round of consultations on the parameters of Bulgaria's pension reform will take place on Tuesday.
Several new ideas emerged after the initiation of the consultations a week ago, electronic daily Dnevnik reports.
The proposal of the Ministry of Labour and Social Policy, which was presented during the first round of consultations, provides for a gradual increase in the age and work experience required for retirement.
The proposal foresees the social insurance contributions to increase with a total of 4.5 % over the next 12 years.
Bulgaria's Deputy Prime Minister and Minister of Labour and Socialy Policy Ivaylo Kalfin calculated that this increase will amount to BGN 3 a month.
Meanwhile, the Finance Ministry published a proposal reversing the controversial amendments to pension insurance, which had been adopted at the end of 2014.
The proposal provides insured persons with the right to transfer their contributions back and forth between the private pension funds and the State Social Insurance Institute (NOI) once a year.
The oppositional Bulgarian Socialist Party (BSP) presented its own proposal for a reform to the sector on Sunday, which centers on freezing the age and work experience required for retirement.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Cholera Reemerges in Bulgaria After 103 Years: Imported Case Confirmed
An imported case of cholera has been confirmed in Bulgaria, marking the first such case in 103 years
Bulgaria's PM: No Further Talks with North Macedonia on Existing Agreement
Bulgaria will not renegotiate the terms of its agreement with the Republic of North Macedonia
Politics | September 13, 2024, Friday // 14:23
BREAKING: Military Plane Crash Halts Air Show Preparations in Bulgaria (UPDATED)
Defense Minister Atanas Zapryanov has called off the planned air show at the Third Air Base following an accident involving a military transport plane
'Revival' Leader Warns Bulgaria's Military and Sovereignty at Risk Due to Increasing Aid to Ukraine
In a recent statement from the parliamentary podium, Kostadin Kostadinov, chairman of the right-wing, pro-Russian party "Revival" (Vazrazhdane) expressed serious concerns about Bulgaria's military and national sovereignty
Politics | September 13, 2024, Friday // 11:16
Bulgaria's Defense Minister: All Military Aid to Ukraine Declared and Based on National Assembly Decisions
Bulgaria’s Acting Minister of Defense, Atanas Zapryanov, emphasized that all military aid provided to Ukraine is fully declared and stems from decisions made by the National Assembly
PM Glavchev: We Continue the Fight Against Fires, Protecting the Lives of People and Firefighters
Every 20 minutes, fire alerts are received from across Bulgaria.
Kiril Petkov on his Citizenship: I Do Not Feel Any Guilt
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
General Mutafchiiski with Special Award from Jewish Community in Bulgaria
Head of the Military Medical Academy (MMA) Major General Prof.
Bulgaria: Prices Will Rise More Steeply than Expected - Finance Ministry
The Ministry of Finance has revised its autumn forecast for economic development.
Three Foreigners Arrested in Bulgaria for Trading Info from Arsenal military plant
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
