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Pensions in Bulgaria to be raised as of October

World

Pensions will be raised in Bulgaria by an average of 12.5% as of October 1, Minister of Labor and Social Policy Galab Donev said reported public broadcaster BNR.

Furthermore 431,000 people over the age of 65 with pensions below the poverty line, BGN 369 (EUR 188.66) a month, will receive a supplement of BGN 50 (EUR 25.56), the minister said adding that the increase in pensions does not mean the energy assistance benefits for almost 230,000 pensioners will be abolished.

As Donev said, 27-28% of all pensioners in Bulgaria live at risk of poverty, compared to 17-18% of pensioners in the European Union. 

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