Първите допълнителни плащания за старост от универсален пенсионен фонд в България
The first additional old-age payments from a universal pension fund in Bulgaria

Author(s): Yordan Yordanov
Subject(s): Economy, Financial Markets, Human Resources in Economy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: pension scheme; universal pension fund; lifelong pensions; capital covering pension scheme
Summary/Abstract: In the present work, pension products in old age from a universal pension fund are presented, outlining the problem with their longevity, arising from the principles of functioning and the current normative regulation of capital pension schemes. Generality of the payments from universal pension funds for the first age generations of pensioners will be disposable or urgent, not lifelong. This compromises the long term social security of pensioners and naturally raises many questions about the amount of pension income, the working principles of capital pension schemes, the latest changes regulating the phase of pension payment from universal funds, and from there the possibilities for change and improvement in the second pillar.

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