Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

NSSI proposes reforms to secure Bulgaria's pension system

In 2023, there will be 68 pensioners per 100 insured workers in Bulgaria. By 2070, the ratio is expected to be 78 pensioners per 100 insured workers. This information comes from a 2024 report by the National Social Security Institute, which forecasts the state of the pension system in 2070 in the face of an ageing population, increasing life expectancy and a declining number of contributors, according to online newspaper The Dnevnik.

To stabilise the pension fund, the institute proposes two options. The first option is to gradually increase the pension contribution rate for those born after 1959, starting in 2025. This increase would be one percentage point every five years and would reach 19.8% of insured income in 2045.

The second option is to change the formula for the annual pension adjustment, which currently takes place on 1 July. At present, pensions are increased by half the rate of inflation and half the growth in insured earnings from the previous year. However, if pensions were only adjusted for inflation, this would reduce pension costs in the medium and long term, according to the institute.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Photo: Bulgarian Community Language School

Children from Dr. Petar Beron School in Sydney participated in a multicultural festival

The dance group at the Bulgarian Sunday School "Dr. Petar Beron" in Sydney, Australia, took part in the twenty-seventh edition of the Children's Multicultural Festival, BTA reported. The young dancers presented a composition on stage..

published on 9/24/25 3:59 PM
Iliana Iotova

Vice President: Christian faith and literacy have preserved our people for 12 centuries

Thanks to Christianisation, script, and language, the Bulgarian people and Bulgaria remained in the memory of Europe even when the Bulgarian state disappeared for centuries from the political map of the Old Continent. Christianity and..

published on 9/24/25 2:30 PM

Bulgaria and the University of North Dakota to explore for rare earth metals in this country

The Bulgarian Energy Holding, together with the University of North Dakota, USA, will conduct research on rare earth metals in Bulgaria. This is stipulated in the Memorandum of Understanding signed between them within the framework of..

published on 9/24/25 2:10 PM