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The National Council for Tripartite Cooperation held an online meeting called by Deputy Prime Minister for Economic and Demographic Policy and Minister for Tourism Mariana Nikolova, the government information service said.
The government and social partners debated the bill that modifies the Social Security Code, presented by the Minister of Labor and Social Policy. The draft Law of Reforms to the Social Security Code regulates the payment phase of the pensions of the second pillar of the insurance. The three types of pension products that will be paid out of the universal pension funds (UPF) are settled: the life-time old-age pension, the deferred payment of the funds in the individual account and the single payment in cases where the accumulated funds are insufficient to grant these two types of pensions. product.
The basic rules for the granting, payment and recalculation of pensions, the rights of the heirs of the insured are regulated. It is expressly established that the guaranteed amount of the supplementary old-age pension and deferred payment cannot be less than those received on the basis of the gross amount of social security contributions, for which an additional reserve is created. The changes allow people who reach the retirement age between 2022 and 2025 inclusive, to exercise the right to opt for insurance up to 1 year before this age. This period increases gradually until 2038, when the insurance may change no later than 5 years before reaching retirement age.
Numerous proposals for change have been made. The social partners generally support the bill, with the exception of the Podkrepa Labor Code.
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