Pension system in Bulgaria

Abstract

The article presents an insight into the old age pension system in Bulgaria. The introduction is followed by four topic paragraphs: 1. the general information about the country, 2. the historical development of its pension system, 3. the present situation, and 4. challenges and foreseen changes. There, the author’s goal was to present both past and present solutions employed by the Bulgarian pension system, in search for ideas worth consideration in international comparisons. In the summary, the author highlights as a particular Bulgarian approach, on the background of other countries, the fact of existing in the Bulgarian reality the solution of diversification of pension contribution according to conditions of working, especially arduous, unhealthy, or hazardous occupation.old age pension system, Bulgaria, retirement, pension reforms