Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Retirement in Bulgaria is becoming increasingly difficult

Photo: library

Fewer and fewer Bulgarians are able to meet the conditions for retirement. By September 2020, the number of newly granted pensions was 62,757 or 20,484 less in comparison to 2015. There has been a decline of 24% over the past 5 years. Only 54% are able to retire with a personal pension for length of service and age. The remaining pensions are for disability, hereditary ones, for early retirement under the conditions for the "Security" sector or not related to employment. The share of disability pensions remains high - 37%.

1/5 of the new pensioners retire above the usual age of 66 and a half, because one out of three does not have enough length of service to retire according to the general order, data from the National Social Security Institute show.



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

MEP Ilia Lazarov: There is no reason for inflation to occur in Bulgaria

"The example of Croatia is very important, because at the same time that there was inflation after the adoption of the euro in Croatia, in neighboring Hungary, where the forint remained and the euro was not adopted, there was higher inflation, which..

published on 7/11/25 3:05 PM
MEP Gordan Bosanac with BNR's Irina Nedeva and Angelina Piskova

"Strasbourg Calling" MEP Gordan Bosanac: Croatia is one of the countries with the highest inflation

The main challenges in introducing the euro in Croatia were the weak economy and poverty of the population.  This was said in an interview with the Bulgarian National Radio by Croatian MEP Gordan Bosanac from the group of the Greens/European Free..

published on 7/11/25 10:29 AM

Fitch Ratings and S&P Global Ratings upgrade Bulgaria's rating from "BBB" to "BBB+"

Due to Bulgaria's accession to the eurozone, the international rating agencies Fitch Ratings and S&P Global Ratings have upgraded the country’s long-term foreign currency issuer default rating to ‘BBB+’ with a stable outlook , which is..

published on 7/11/25 9:05 AM