For the first time in Bulgaria raise second pensions – between 10 and 14%
For the first time in Bulgaria has already been granted by a private pension fund secondary pensions will increase.
The withdrawal will take place on April 1, the Doverie pension company announced.
The funds are obliged to update the amount of the granted from the second pensions depending on the realized from their profitability, which exceeds their determination by the Commission for financial supervision of the technical interest rates. Therefore, in the coming days it is expected that the other 8 pension companies operating on the Bulgarian market will be announced as an update.
The update of the permanent pensions is reduced by 50 per cent of the excess of the realized, on an annual basis, return on investment of the fund for payment of lifelong pensions “Trust” during the period from 04.10.2021 to 31.03.2022, inclusive, over technical interest rate, on the basis of which the amount of lifelong pensions is calculated, according to the decision of the Board of Directors of the company.
The return of the fund for payment of lifelong pensions for the period from 20.09.2021 to 31.03.2022, including 19.58%. This means that pensions will be increased by about 10%
The return of the fund for deferred payment of pensions is 28.79%, which means over 14 percent increase in payments from his pensions.
The increase in the second pension does not change its guaranteed amount. The specific percentage of the increase depends on the period in which the pensioner’s money was in the fund. This means that the biggest increase will be for people who received their second pension in September of the year when it began to pay them in Bulgaria.
The remaining part of the realized return, which has not been updated for lifelong pensions and deferred payments, is paid into a separate account of each of the funds for making payments, as a kind of reserve to be used in case of future adverse results of asset management. .