One in three pensioners can no longer meet the conditions of seniority and age



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Periods of unemployment are one of the main factors preventing people from reaching the required length of service.

11% prefer an early but reduced life pension

One in three Bulgarians retire without insufficient experience or age. This is shown by the statistics of the National Institute of Social Security for the first six months of 2020.

Seniority and seniority personal pensions are granted to 21,681 Bulgarians; this is only 63.2% of all personal pensions. However, a third of them do not meet the seniority and age requirements. 4710

had an average

23 years of experience in

it took 35 years

and 10 months

for the women,

and for men 38 years and 10 months. If a person has no experience, but has worked for at least 15 years, last year they could have retired at 66 years and 6 months.

There are 2,391 people who do not wait to meet the conditions and retire one year before the required age. This is 11% of all recently awarded pensions. However, compared to the same period last year, there is a slight decrease, and then there were 796 more. However, they will receive reduced pensions for life. They reach an average retirement age of less than 10 months.

This year, women who have turned 61 years and 8 months and have 36 years of experience will retire, as well as men who are 64 years and 4 months with at least 39 years of experience. Then each year, the required length of service increases by 2 months to 37 years for women and 40 years for men. If a person does not have the required time of service, they will have to continue working, buy time of service, or turn 67 to receive a state pension.

Until 2037

wait for the number of

just released

pensions yes

decreases

So the retirement age for women and men will be 65 years.

“This decrease is the result of the lower projected number of new pensions granted during these years due to the increase in the retirement age and required seniority, the restriction of early retirement, as well as due to incentives for longer stays in the labor market adult workers ”, reads the actuarial report of the National Institute of Social Security for 2019.

The group of people who are not entitled to a normal pension will increase when the intensive retirement of the employed begins in the 1990s. The reason is that they have pledged their insurance, Podkrepa president LC Dimitar Manolov warned on Monday in front of “24 Chasa”. The trend continues for the next decade. In 2002, more than half of the insured received the minimum wage. The registration of employment contracts and the introduction of minimum insurance thresholds since early 2003, when Lydia Shuleva was Deputy Prime Minister, have enlightened the sector. And only during the first 3 months, 1.5 million employment contracts have been registered with the National Institute of Social Security. Of these, 340,000 were new. This will undoubtedly affect future retirees. In order to reduce the proportion of people who will not be able to retire, Podkrepa offers to take into account the time when pupils and students went through brigades. The reason is that since 1970 their work has been paid for by the state, although the money has often not reached them. Everyone can

officially to them

They are considered –

6-7 months

sure

experience

Another option is that time in the barracks is the first category of work, as is the case with sergeants and officers.

After 2037, under the influence of factors such as the aging of the population, the increase in life expectancy and the decrease in employment, the values ​​of this indicator are increasing. In 2060, 89 pensioners with employment pensions will correspond to 100 insured.



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