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

National Insurance Institute reveals large-scale scheme for draining the Pensions Fund

National Social Security Institute
Photo: BGNES

Bulgaria's National Social Security Institute (NOI) has revealed a large-scale scheme to drain the Pensions Fund. It refers to false documents from closed enterprises, about dozens of people appointed to the same position, about signing employment contracts with dead people. 

The most drastic case is related to certificates of the state company Stroimashinengineering, declared bankrupt in 1997, deleted from the registers in 2012 and declared to be the legal successor of another state company. Thus, in the period 2012-2017, more than 350 false applications for granting or recalculating pensions were submitted in the capital with attached employment records and unrealistically high incomes entered in them. 
With the disclosure of the scheme, particularly large damages have been prevented, considering the long-term payments, for which several million BGN are needed annually.



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

Band of rain to sweep across Bulgaria from west to east

On Friday, morning temperatures will range from 10 to 15°C, with 10°C in Sofia. Rain is expected in the western regions in the early hours. During the day, skies will remain cloudy as rain moves from west to east, gradually easing in the afternoon with..

published on 10/23/25 7:05 PM
Rumen Radev

Bulgaria and Vietnam should capitalise on their strategic geographic positions, says president Radev

Bulgaria and Vietnam should make the most of their strategic geographic positions – Vietnam in Southeast Asia and Bulgaria in Southeast Europe – acting as a gateway for goods and services from Asia to Europe , President Rumen Radev said on Thursday. He..

published on 10/23/25 4:03 PM

INSAIT model gives robots unprecedented 3D spatial intelligence

The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an open-source AI model that gives industrial robots 3D spatial intelligence . The technology is..

published on 10/23/25 3:57 PM