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PHOTO: Yordan Simeonov
The new forms for the recalculation of pensions and transfer of funds to the Pension Fund are released by the National Institute of Social Security on January 1, 2021. NSSI publishes its samples on the last day of 2020.
This was made possible after the transitional and final provisions of the State Social Security Budget Law for 2021 grant the right to people who have been granted an insurance seniority and age pension with a start date up to on 12/31/2020, incl. with reduced individual coefficient according to art. 70, para. 10 of the Social Security Code (CSR), apply before 06.30.2021, incl. its recalculation without reducing the individual coefficient. In addition, they must request the transfer of the funds from their individual account to a universal pension fund to the Pension Fund / Personal Pension Fund under Article 69 of the State Social Security.
People in this category may exercise their right to recalculate their pension by seniority and age without reducing the individual coefficient, since in the period between 1.01.2021 and 30.06.2021 inclusive they are subject to the territorial division of the National Institute of Social Security (NSSI), which pays the pension, simultaneously two requests on samples, which are approved by the manager of NSSI:
1. Form УП-27 – Request for recalculation of a pension for seniority and seniority of the insurance, granted with a reduced individual coefficient according to art. 70, para. 10 of the Social Security Code;
2. Form УП-27.1 – Request for transfer of funds accumulated in an individual account in a universal pension fund in the Pension Fund / Pension Fund for people under Art. 69 ”of the state social security. It is addressed to the pension insurance company that manages the fund in which the person is insured.
Each of the applications is presented in person or by a person authorized by a power of attorney.
As of January 1, 2021, the provision of art. 102 of the Social Security Code, which regulates two ways of recalculating pensions related to the employment of people:
New official calculation of pensions related to work activity under art. 102, para. 1, item 1 and para. 2 of the RSE, with the additionally acquired for the duration of the pensioner’s insurance service in the period after the granting, respectively – after the last recalculation of the pension. For this recalculation of pensions, worker pensioners do not submit applications in the NSSI TA, since the recalculation will be carried out as of April 1 of the respective year.
New annual calculation of pensions according to art. 102, para. 1, item 2 and para. 3 and 4 of the Social Security Code with the additional acquired by the pensioner from the seniority insurance and from the insurance income in the period after the grant, respectively after the last recalculation of the pension. For this recalculation, individuals must submit an application form УП-28. The new calculation will be carried out annually from the first day of the month following the month of submission of the application. In case the recalculation with the data available for the duration of the service of the insurance purchased and the income from the insurance is more unfavorable for the pensioner, the amount of the pension is determined only on the basis of the data for the duration of the service of the sure.
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