Pensions in Bulgaria Increase by 2.6 %

With a decision of the supervisory board of the National Social Security Institute (NOI), pensions in Bulgaria increased by 2.6 % on Friday.

The minimum pension becomes BGN 161.38, while the maximum retains its level of BGN 910.

The increase of pensions is calculated as the sum of 50 % of the growth of inflation and 50 % of the average insurable income for the past calendar year.

The government budget foresaw a slightly lower increase of pensions amounting to 2.5 %. Pensions allocated this year are not indexed.

With a decision of the government, the minimum monthly pension for old age was increased by BGN 3 to BGN 118.14.