Bulgaria's Pension System Faces Financial Strain Amid Demographic Shifts

The reliance of Bulgaria's State Social Insurance (SSI) on the state budget is set to continue growing, according to an actuarial report by the National Social Security Institute (NSSI). The report provides a long-term assessment of the financial condition of SSI funds up until 2070, revealing a significant gap between the actual pension contribution rate of 16.3% of insured income and the required rate of 37....