Proposal for an 11% Increase in Pensions in Bulgaria: Minister's Initiative

Acting Minister of Labor and Social Policy Ivaylo Ivanov has suggested to the Supervisory Board of the National Insurance Institute (NII) that pensions granted until the end of last year be increased by 11% starting from July 1st.

In his statement to BNR, Ivanov referred to the Swiss rule, which typically calculates updates at 10% due to lower-than-expected inflation. However, he emphasized that the budget for the current year has earmarked an 11% growth, which he intends to adhere to.

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