PROBLEMS OF THE BULGARIAN PENSION SYSTEM

Pavlina Dimitrova

Abstract


The radical reform of the system started in the period 1999-2000. The reasons for it were: Low pension rates; payment of pensions in almost the same amount for all, irrespective of the type of labor to be paid, the income replacement rate is frozen around 27% -28%. A refusal and escape from this type of system begins with the participation and support of the gray economy. What is the state of the system in the last 5 years will be discusseded in this report. The disadvantages of the reformed model will also be discussed.


Keywords


pensions, income replacement ratio, problems in the pension system, insurance

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References


Mareva, N. (2018). Kapitalovite pensionni fondove v Balgariya. Godishnik na VUARR, t. VII, s. 79-121.

Balgarska asotsiatsiya na druzhestvata za dopalnitelno pensionno osiguryavane, Internet-resurs: http://www.assoc.pension.bg

Mareva, N., „Razvitie na dopalnitelnoto pensionno osiguryavane v Balgariya, predizvikatelstva i vazmozhnosti”, sp. „Novo znanie”, izd. VUARR, br.1, yanuari-mart 2012.

Komisiya za finansov nadzor. Internet-resurs: http://www.fsc.bg/bg

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Empowering Workers: The Privatization of Social Security in Chile", publikuvano prez 1996 v Cato's Letter No. 10.


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