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As of January 1, 2021, the minimum amount of the seniority and seniority pension will be increased from 250 BGN to 300 BGN per month (20 percent increase). As of January 1, 2021, the maximum amount of one or more pensions received increases from BGN 1,200 to BGN 1,440). This is enshrined in the draft budget of the State Social Security, which BTA has.
It is anticipated that from July 1, 2021, the employment pensions granted until December 31, 2020 will be updated by 5 percent.
The percentage for each year of insurance experience in the pension formula remains at the level reached in 2019 of 1.2 percent.
In the first three months of 2021, it is planned to continue with the payment of additional amounts to the pensions of all pensioners in the amount of BGN 50.
The draft budget foresees an increase in the minimum daily amount of unemployment benefits to 12 BGN and the maximum daily amount to remain at 74.29 BGN; The payment period of the cash benefit for pregnancy and childbirth is maintained: 410 days and the amount of the benefit for raising a child up to two years, 380 BGN.
Increase minimum insurance income for self-insured from BGN 610 to BGN 650; The minimum insurance income for registered farmers and tobacco growers is preserved: 420 BGN; The maximum insurance income for all insured persons of BGN 3,000 is preserved;
In 2021, the opportunity introduced in 2017 for mothers (adoptive mothers) who have the right to use maternity leave until the child is one year old, but do not use it, to return to work and to receive compensation from the Caja de Social Security equivalent to 50% of the benefit owed to them during pregnancy and delivery.
The payment scheme for pecuniary benefits for temporary work disability is maintained, the first three working days of temporary work disability are paid by the insurer and from the 4th day of work disability by Social Security.
The period during which income is taken into account when calculating the amounts of short-term benefits for temporary incapacity for work is preserved: 18 calendar months, pregnancy and childbirth and unemployment: 24 months; The amount of the one-time assistance in the event of the death of an insured is preserved: BGN 540;
The amount of the Social Security contribution for the Pension Fund and the Pension Fund for People of Article 69 of the Social Security Fund is kept at the level of 2020. The amount of social security contributions is also kept. for the other Social Security funds, as well as the relationships between insurers and the insured persons;
For 2021, no minimum insurance income (MOP) has been agreed for economic activities and professional qualification groups. Without imposing an administrative increase in the MOD and with a planned increase of the minimum wage by 6.6 percent from BGN 610 to BGN 650, the average increase in the MOD in 2021 is expected to be around 4.5 percent.
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