Social law

Young workers registering with the new capital-building branch of the auxiliary social security fund (ETEAEP) from 2021 will likely be able to choose at what age - between 60 and 70 years old - they want to receive their auxiliary pensions.

Young workers registering with the new capital-building branch of the auxiliary social security fund (ETEAEP) from 2021 will likely be able to choose at what age - between 60 and 70 years old - they want to receive their auxiliary pensions.

The payment of the new increased pension amounts will actually start on Monday, Labour Minister Marius Budai said in Mamaia on Saturday. "We have recalculated all pensions. The coupons are printed, the first payments to the Romanian Post have been done. Starting Monday, we actually begin the payment of the new pension amounts.

Over half a million BGN pensions are "suspended". According to the National Social Security Institute, the pensions of 4794 pensioners for over BGN 620 thousand were closed due to unpaid electricity, water, and heating bills, debts to tax or banks, NOVA reported.

Pensions are the highest in Sofia, with Pernik second in terms of senior debtors. The debtors in Plovdiv follow.

Тhe average insurance income for Bulgaria for June 2019 is BGN 968.71, the National Social Security Institute (NSSI) announced. The average monthly insurance income for the country from 1.07.2018 to 30.06.2019 is BGN 936,91.

All Greeks were rocked recently by public charges about the issuance of huge "golden" pensions.

Greek pensioners will henceforth not be able to get a monthly pension higher than 4,608 euros, after an amendment to the government's omnibus bill that was tabled just minutes before MPs were to vote.

A much-awaited 120-tranche debt payment scheme which will allow taxpayers to repay debts to social security funds will open on Tuesday, Labor Minister Yiannis Vroutsis said on Monday.

One in three pensions will be issued online and within a single day as of June 1, 2020, Labor and Social Affairs Minister Yiannis Vroutsis decided on Friday in a meeting with Interior Minister Takis Theodorikakos and Digital Governance Minister Kyriakos Pierrakakis.

The Labor Ministry's new leadership has set itself a major challenge, which is to digitally transform the social security system and be able to issue new pensions within a day.