National Insurance Institute

Acting Minister of Labor and Social Policy Ivaylo Ivanov has suggested to the Supervisory Board of the National Insurance Institute (NII) that pensions granted until the end of last year be increased by 11% starting from July 1st.

This morning, The Confederation of Labour Podkrepa and The Confederation of Independent Trade Unions of Bulgaria from State Management and Organizations within the National Security Council are organizing a protest demonstration in front of the Council of Ministers. The event is set to commence at 9:30 a.m.

Recent data from the Statistical Handbook "Demography, Economy, and Social Security" of the National Insurance Institute for 2022 has revealed a stark reality for Bulgaria: the country's population has decreased by nearly 800,000 people over the period from 2013 to 2022.

A significant shift in Bulgaria's pension landscape is on the horizon, as the minimum pension for service and age is slated to surge by 11% under the Swiss rule, reaching BGN 580 starting July 1, 2024. Alongside this increase, widow's supplements are also expected to see a rise, as per insights from "Sega."

An Easter supplement of BGN 70 (EUR 35) will be given to elderly people whose pensions for this month are below the officially established poverty line - BGN 504 (EUR 258), announced Prime Minister Galab Donev. Thus, an additional amount will be available only for half of the pensioners. They will receive the supplement next week as a separate payment from their monthly pensions.

154,000 pensioners with smaller pensions because of insurance payed to a private pension fund will be able to ask the National Insurance Institute to recalculate their pensions next year, provided they transfer their money for a second pension to state insurance institution. However, only one-third of people will benefit from it, for the rest the pension received will not be higher.

The programme for summer student internships in the state administration will begin next week, announced the Council of Minister. There are over 1,200 open positions in 43 professional areas.

 "The group is backing me. I will not tender in my resignation," stated the chairwoman of Parliament Tsetska Tsacheva to journalists, reported BGNES.

The name of a Palestinian teen burned alive by his Jewish kidnappers has been removed from a memorial to victims of terror attacks, an Israeli official said April 22, after family objections.

The government is inclined to renounce changes to the pension system that make mandatory contributions to private pension funds optional, Finance Minister Vladislav Goranov said on Sunday.