The hectic restart of the long-awaited Bulgarian pension reform

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In 2015, major legislative changes concerning the Bulgarian pension system were discussed and finally enacted with the aim to make the pension funds sustainable on the long run. Bulgaria has a three-pillar pension system with a mandatory state pillar, a mandatory funded pillar and a voluntary third pillar. Some of the adopted measures were very controversial and widely criticised.

Author: Boyan Zahariev

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