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

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  • Georgi Shopov

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.

Suggested Citation

  • Georgi Shopov, 2008. "The Bulgarian Pension System - design, pre-reform and post-reform financial status," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-21.
    • Handle: RePEc:bas:econst:y:2008:i:2:p:3-21
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    References listed on IDEAS

    as
    1. Georgi Shopov, 2005. "The Political Context of the Pension Reform and the Link "Research - Policy"," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 78-94.
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    Cited by:

    1. Ralitza Pandurska, 2018. "Transferring Resources between the First and the Second Pillar in the Context of Development of the Pension Model in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 133-160.
    2. Rayna Tsaneva, 2013. "Characteristic features of the investment activities of the pension funds in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 100-119.
    3. Raina Tsaneva, 2011. "Institutional Investment in Bulgaria – Trends, Problems and Directions," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 66-89.

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      More about this item

      JEL classification:

      • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
      • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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