The Bulgarian Pension System (design, pre-reform and post-reform financial status)
The Bulgarian Pension System (design, pre-reform and post-reform financial status)

Summary/Abstract: The scientific objectives of the presented study are: (i) to provide an analytical overview of the main characteristics of the Bulgarian pension reform; and (ii) to present its financial aspects related to the pre-reform and post-reform deficit of the PAYG pillar. Several conclusions regarding the background, parameters and financial status (current and projected) of the Bulgarian pension system are summarized. Recommendations concerning the implementation of a mechanism for a regular external monitoring and evaluation of the pension system’s development respecting the provisions of the adopted National Strategy and the necessity to develop a new National Strategy for the further improvement of the pension system are suggested as well.

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