All pensions at 5% as of July 1, the minimum becomes BGN 300 as of January 1



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Retiree photos: Reuters

All pensions will be raised by 5% under the Swiss rule from July 1, and the minimum will be raised from BGN 250 to BGN 300 from January 1. Starting at the beginning of the year, the ceiling will be increased by 20% and will become 1,440 BGN, which is foreseen in the State Social Security bill for 2021, which has “24 hours”.

The BGN 50 pension bonus will continue to be distributed in the first three months of next year, as Prime Minister Boyko Borissov announced.

As of July 1, 2021, the old-age social pension will increase from BGN 141.63 to BGN 148.71.

The average amount of the pension will reach BGN 488.97.

The amount of the social security contribution for the Pension Fund and the Fund is preserved. Without imposing an administrative increase on the MOD and when planned
minimum wage increase by 6.6 percent from BGN 610 to BGN 650, the average MOD increase in 2021 is expected to be around 4.5 percent, “the bill’s report reads.

It increases the minimum insurance income for self-insured from BGN 610 to BGN 650, which will be the minimum wage from next year.

The minimum insurance income for enrollees will not change.
tobacco farmers and growers: BGN 420, as well as the maximum insurance income: BGN 3,000.



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