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

Warm autumn weather in the forecast

On Wednesday minimum temperatures will range between 3° C. and 8° C., for Sofia around 4° C. Visibility will be diminished in the morning in the valleys and lowlands. During the day the weather will be predominantly sunny with a temporary increase..

published on 10/21/25 6:45 PM

Myara agency: Crimes and incidents continue to be a major source of tension

Social tensions from 1 July until 30 September this year are estimated at an index of 6.09, meaning “risks that are difficult to control”, on a scale of 1 to 210, indicates a survey by the sociological agency Myara, the Bulgarian news agency BTA..

published on 10/21/25 4:09 PM
Parliament building

The ruling coalition discuss the future of the cabinet behind closed doors

A meeting of the coalition partners took place early this morning, during a sitting of the National Assembly, to discuss the possible reformatting of the government. Such a change was first made mention of by GERB leader Boyko Borissov after his party..

updated on 10/21/25 3:12 PM