Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria amends its Social Security Code to introduce the pan- European Personal Pension Product

Photo: archive

Funds from other EU countries will be able to enter the Bulgarian market, collect social security contributions and pay pensions. This is stipulated by amendments to the Social Security Code, proposed for public consultation.

The pan- European Personal Pension Product (PEPP) was approved by the EU 2 years ago. PEPP is a voluntary personal pension scheme that offers EU citizens a new option to save for retirement. The voluntary PEPP pension scheme is complementary to state based and occupational pensions. It offers similar benefits to other personal pension products, while allowing mobile workers to carry their savings when seeking employment in another EU member state. 

PEPP savers will be able to participate in investment management by choosing riskier and more profitable options or lower risk options which provide lower return.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Stormy winds, highs ranging from 6 to 20 degrees

On Friday, the wind from the south will increase and will be moderate and strong, near the northern slopes of the mountains of southern Bulgaria stormy wind is expected Clouds will be patchy, significant over the western areas, but will quickly begin..

published on 11/21/24 7:35 PM

A shortage of electricity is expected at the beginning of next year

According to an analysis by the Electricity System Operator, a shortage of electricity is expected as early as January and February next year. At a thematic conference organized by the Center for the Study of Democracy in Sofia, Delyan Dobrev from..

published on 11/21/24 6:09 PM

Vice President Iliana Iotova: "Because of the changes in the Constitution, MPs are unable to elect Parliamentary Speaker"

Vice President Iliana Iotova pointed out that the changed texts in the Constitution have turned against their creators.  Yotova told journalists that "because of these changes in the Constitution, the Speaker of the National Assembly cannot be..

published on 11/21/24 4:45 PM