Bulgarian Parliament Adopts in Principle Key Elements of Government-proposed Pension Reform

Sofia, July 2 (BTA) – In a 115-35 vote with 19 abstentions Parliament Thursday adopted a differentiated gradual increase ofthe retirement age and contributory income for category three labour until reaching the age of 65 years for men and women in 2037, after which an automatic mechanism will be introduced for increasing the retirement age taking into account the life expectancy. In a day-long sitting, the MPs debated and passed on first reading amendments to the Social Insurance Code tabled by the Government. More…