Gabrovo: Average pension in 2023 to be over BGN 788

The regional governor of a region with an administrative centre, Gabrovo, reported that the average pension in 2023 will reach 788,10 lv. This is envisaged by the draft Law on the Budget of the State Social Insurance for 2023. , which was approved by the government

The regional governor of a region with an administrative centre, Gabrovo, reported that the average pension in 2023 will reach 788,10 lv. This is envisaged by the draft Law on the Budget of the State Social Insurance for 2023. , which was approved by the government
The regional governor of a region with an administrative centre, Gabrovo, reported that the average pension in 2023 will reach 788,10 lv. This is envisaged by the draft Law on the Budget of the State Social Insurance for 2023. , which was approved by the government (Image Courtesy-facebook)

The regional governor of a region with an administrative centre, Gabrovo, reported that the average pension in 2023 will reach 788,10 lv. This is envisaged by the draft Law on the Budget of the State Social Insurance for 2023. , which was approved by the government.

The project provides for all pensions paid by the end of 2022, starting July 1, to increase by 12%. From the same date, the minimum assistance for insurance experience and age for the whole insurance experience will rise from BGN 467 to BGN 523,04.

Advertisement

The maximum size of one or more pensions received is kept at BGN 3,400. The Social Old Age Pension will increase to 276.64 BGN.

In 2023 nearly 19.2 billion are planned to pay for all types of pensions and supplements. Lv. The projected costs are over 3.6 billion. lv. or 23.6% more than planned last year. The total size of planned pensions, short-term benefits and Social Security services for 2023. is nearly 21.8 billion. Lv.

As of June 1, 2023, the minimum insurance income for self-insured persons, farmers and tobacco producers increases from BGN 710. at 780 lv. The maximum insurance income for all insured persons is kept at BGN 3,400.

No changes are foreseen in the sizes of the benefits for raising a child to 2 years of age and for introducing a child under the age of 8 by the father (adopter), which are BGN 710 each.

The minimum and maximum daily amount of unemployment benefits is also maintained. The sizes of all insurance contributions and the payout ratio between insurers and the insured remain unchanged.

The bill enables all pensioners who have been expertly granted foreign aid allowance, regardless of the percentage of permanently impaired working ability/type and degree of disability.

Prevention and rehabilitation program costs are expected to increase by 3.2 million—Lv. , which will allow 5,000 additional workers to take advantage of it.

Advertisement