Pension Tracking System Application in Bulgaria
Pension Tracking System Application in Bulgaria

Author(s): Stanislav Dimitrov, Elroi Hadad
Subject(s): Politics / Political Sciences, Economy, Law, Constitution, Jurisprudence, Civil Society, Public Finances, Socio-Economic Research, EU-Legislation, Labour and Social Security Law
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: national pension tracking system; European tracking service on pensions
Summary/Abstract: Different areas serve as sources of pension protection for the citizens of the European Union. Along with pensions from public systems, capital pensions are playing an increasing role. Financial institutions-providers of pension savings products operate on a different business model. This diversity makes it difficult for the saver to make a decision and is an obstacle to the development of the pension protection. The pension tracking system is seen as a mechanism for achieving a more efficient market for pension products. The report examines the development of this instrument in the European Union. We are looking for answers to questions about the possible application in Bulgaria and other countries. The analysis concludes that the pension tracking system is a necessary set of measures that would be a prerequisite for improving the well-being of the savers.

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