The deputies decided to increase the minimum retire pay for length of service and by age to BGN 467. The amount also includes BGN 60 COVID supplement. This happened after part of the texts from the update of the budget of the State Social Security / SSS / for this year were adopted at the second reading. This is an increase of 26.2%, according to the petitioners from the Council of Ministers.
All MPs, except MRF leader Mustafa Karadayi, voted in favor of raising the minimum pension. Proposals made by GERB-UDF in the part on expenditures and revenues related to retired pays were not accepted.
In 2022 there will be revenues due to the increase in the average insurance income, explained the chairman of the Committee on Labor, Social and Demographic Policy Iskren Arabadjiev from „We continue the Change“ / PP /. According to him, the total expenditures for Bulgarian pensions as a percentage of the gross domestic product are about 10 percent. The July 1 indexation is for everyone, while in October it is targeted “only at those for whom the formula shows that they have not received what they should have over the years”.
According to the chairman of the budget committee, Lubomir Karimanski, everything is happening on schedule, and pensioners will receive the increase in July.
Vazrazhdane MP Georgi Georgiev explained that his parliamentary group has remarks, but will nevertheless support the updating of the Social Security budget. According to Dimitar Ganev of Democratic Bulgaria, it would be nice if pensions were calculated according to rules written in law.
The line minister Georgi Gokov noted that the proposal of the Council of Ministers to increase the pension ceiling is a motive and incentive for the insurers and the insured persons to take action.
