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

Bulgaria joins a statement by 35 UN member states on Ukraine

During the 80th session of the UN General Assembly in New York, Bulgaria’s Minister of Foreign Affairs Georg Georgiev participated in a joint statement to the media alongside Ukraine’s Minister of Foreign Affairs Andrii Sybiha and the EU High..

published on 9/24/25 11:35 AM

Albina Yasinskaya from the village of Rozino wins EU Organic Award 2025

Bulgarian producer Albina Yasinskaya, who is the owner and manager of Rozino Organic Farm in the Rose Valley, has been awarded Best Organic Farmer (female) at the EU Organic Awards 2025. Yasinskaya’s farm operates a closed production..

published on 9/24/25 10:16 AM

Bulgaria will join the EU decisions to terminate contracts for the use and transit of Russian gas

As part of the European Union, Bulgaria will join the EU’s decision to terminate in the short term - in 2026 - contracts for the use or transit of Russian natural gas, Prime Minister Rosen Zhelyazkov said in New York, where he is attending the annual..

published on 9/24/25 9:54 AM