23.01.2015

Some proposals for amendments to the Social Insurance Code /SIC/ and to the State Fund for Guaranteeing the Stability of the State Pension System Act /SFGSSPSA/, known as the Silver Fund, have been released together with the motives thereto. The wordings are aimed to respond to some criticism made to the amendments to SIC as effective as from 1 January 2015 that relate to the choice of the persons born after 31 December 1959, namely to be entitled to select either state public insurance or a pension fund.

The amendments proposed will be used as the basis for conducting a useful discussion and a wide public debate aimed at reaching maximum consensus and long-term solution of the pension system issues in the deadline set, i.e. 31 March 2015. The discussions of refining of the pension model and evolving of the pension system will go in the form of a task force to the Deputy Prime Minister and Minister of Labour and Social Policy Ivaylo Kalfin and will be attended by representatives of the social partners, of the stakeholders and of the parliamentary represented political forces.