PROBLEMS OF THE BULGARIAN PENSION SYSTEM
Keywords:
pensions, income replacement ratio, problems in the pension system, insuranceAbstract
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.
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
NSI – Internet resurs http://www.nsi.bg/bg/content/3072/vanshna-migratsiya-po-vazrast-i-pol.
Empowering Workers: The Privatization of Social Security in Chile", publikuvano prez 1996 v Cato's Letter No. 10.
Mareva, N., G. Georgiev, Measuring Bulgarian Pension Funds Investment Performance by Risk-Adjusted Metrics, IBANESS Conference Series-Edirne/Turkey, March 4-5, 2017 SI http://www.nsi.bg/bg/content/3072/vanshna-migratsiya-po-vazrast-i-pol
Empowering Workers: The Privatization of Social Security in Chile", publikuvano prez 1996 v Cato's Letter No. 10.
