Cause and Effect in European Politics and Law
Pensions reform - now where to?

Pensions reform - now where to?

euinside, together with the Independent Pension Reform Council, initiates a public debate for a change in the pension model in Bulgaria. Obviously, the pension system is overloaded. It is also obvious that reforms have been again postponed. We are convinced that there is not time to waste and the important decisions about our future must be taken now. This is why, we invite you to join in with opinion and comments in our discussion about the future of the pension model. euinside and the Independent Pension Reform Council will present here the positions of leading economists as well as the lessons from the European and global experience, so that we could find together the best model for a reform in the Bulgarian pension system. So that it could finally happen.

 | © The Council of the European Union | © The Council of the European Union

The Lessons from the Good News

Two bits of good news came for the new EU Member States on 30 May, when the European Commission presented its assessments of the countries` budgetary and economic policies and recommendations on them - the abrogation of the excessive deficit procedure against Bulgaria and the repeal of sanctions ...
 | © SofiaUtre/Bonchuk Andonov | © SofiaUtre/Bonchuk Andonov

Labour Market Is Bulgaria's Achilles' Heel

Of all the 7 recommendations, which the European Commission made for Bulgaria last year as part of the European semester for closer coordination of the economic and budgetary policies, the government in Sofia has managed to implement only one. That is to reduce the budget deficit, which makes th ...
 | © EU | © EU

Once Again about Austerity. This Time – because We Will Live Longer

The ECOFIN meeting on 15 May 2012 adopted the report of the European Commission and of the Ageing Working Group (AWG) at the Economic Policy Committee (EPC). To the purpose of this study Eurostat has presented a set of demographic projections on the population trends in Europe in the period 2010 ...
 | © European Union | © European Union

Slovenia too is threatened by a debt crisis

After a weak support of the voters, the several unsuccessful referenda on key reforms and EU's internal problems, Slovenia's Government, among all, has become a minority government on Monday. Out of 99 members of Parliament, the Government now has only 33 representatives in it, after the Zares p ...
 | © European Union | © European Union

Slovenians are urged to choose between Germany and Portugal

"You can imagine what it is every now and then to see in your post box a bill that you have to read and interpret and decide whether it should become a law. This winter we received the new media bill, now the so called "mini jobs" bill, then one on the pension reform should come. [...] That's a ...
 | © euinside | © euinside

Accounting lifting in exchange for pension reforms

How much does a pension reform cost and could these costs be "deducted" from the budget deficit and the public debt? This is the question that the letter of 9 mostly Eastern European EU Member States, among which Bulgaria (Latvia, Lithuania, Sweden, Bulgaria, Slovakia, Hungary, Romania Poland, t ...
 | © euinside | © euinside

High productivity - a stake for high pensions

The government of Bulgaria has approved in the beginning of August amendments to the Social Insurance Code, by defining them as a pension reform. The amendments foresee, most of all, an increase of the required contribution period. euinside asked for the opinion of the economic analyst Gheorghi ...
 | © Auiovisual Service | © Auiovisual Service

A reform with a well known outcome

On August 4 the Bulgarian government has approved a bill, amending the Social Insurance Code. The approved amendments, however, do not even hint of a long-awaited reform of the pension system. The retirement age remains unchanged - 60 years for women and 63 years for men. The period of social in ...
 | © Audiovisual Service of the EU | © Audiovisual Service of the EU

Individual accounts - secure pensions

Personal accounts and not promises - this is the essence of the Independent Pension Reform Council's vision about the future of the pension model of Bulgaria. The Council comprises of prominent Bulgarian economic experts. According to them, "any reform without a clear vision and a target, in oth ...
 | © Adelina Marini | | © Adelina Marini |

The experience of Poland: the pension reform must not be postponed

Within the framework of the discussion which euinside has initiated together with the Independent Pension Reform Council for a change in the pension model of Bulgaria, we will present to you the experience of some other European states. We start with Poland because of the similar past and the jo ...
 | © Audiovisual Service of the European Union | © Audiovisual Service of the European Union

How the pension reform in Bulgaria started and where is it now?

The pension reform in Bulgaria started 10 years ago. In the beginning of the new millennium, the pension system, a legacy from socialism, started hesitantly to walk on the path of personal savings. Together with the well known and obligatory state pension security contributions, an obligatory ad ...