BULGARIA - Bulgaria has raised obligatory contributions paid by employers and workers to the state pension fund by 1.8 percentage points to cover the widening budget deficit.
The Cabinet increase the contribution beginning in January to 17.8% from 16% of personal income, Labour and Social Policy Minister Totyu Mladenov told reporters today in Sofia. The move will help r...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
