Employee Benefits in Bulgaria 2021

The National Social Security Institute (NSSI) is responsible for managing all the social security schemes in the Republic of Bulgaria. It administers mandatory social security schemes such as sickness, maternity, occupational diseases, workplace accidents, disability, old age and survivor’s pensions. Irrespective of whether a person is employed, unemployed or self-employed, Bulgarians are covered under certain social security schemes

Key Highlights

– The National Social Insurance Institution (NSSI) is responsible for managing all social security schemes in Bulgaria

– It administers mandatory social security schemes such as sickness, maternity, occupational diseases, accidents at work, disability, old age and death. All Bulgarians are covered, irrespective of whether they are employed, unemployed or self-employed

– Social protection in Bulgaria consists of a social insurance scheme, which acts as a classic contribution, non-contributory scheme, and a social assistance scheme

– In Bulgaria, employers provide voluntary and occupational pension schemes to their employees under pillar III. It is provided through voluntary pension funds (VPFs) and voluntary occupational schemes (VOCs).

The report provides in-depth industry analysis, information and insights of the employee benefits in Bulgaria, including –

– Overview of the state and compulsory benefits in Bulgaria, detailed information about the private benefits in Bulgaria, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Bulgaria.

Scope

This report provides a detailed analysis of employee benefits in Bulgaria –

– It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

– It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits

– It highlights the economic and regulatory situations relating to employee benefits in Bulgaria

Reasons to buy

– Make strategic decisions using in-depth information related to employee benefits in Bulgaria.

– Assess Bulgaria's employee benefits market, including state and compulsory benefits and private benefits.

– Gain insights into the key employee benefit schemes offered by private employers in Bulgaria.

– Gain insights into key organizations governing Bulgaria's employee benefits, and their impact on companies.

Table of Contents

Table of Contents

1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?

2.2 Definitions

3 COUNTRY STATISTICS

4 OVERVIEW OF EMPLOYEE BENEFITS IN THE BULGARIA

5 REGULATIONS

6 STATE AND COMPULSORY BENEFITS

6.1 Retirement Benefits

6.1.1 Introduction

6.1.2 Eligibility

6.1.3 Benefits

6.1.4 Payment Options

6.1.5 Contributions

6.2 Death Benefits

6.2.1 Introduction

6.2.2 Eligibility

6.2.3 Benefits

6.2.4 Payment Options

6.2.5 Contributions

6.3 Long-term Disability Benefits

6.3.1 Introduction

6.3.2 Eligibility

6.3.3 Benefits

6.3.4 Payment Options

6.3.5 Contributions

6.4 Short-term Sickness Benefits

6.4.1 Introduction

6.4.2 Eligibility

6.4.3 Benefits

6.4.4 Payment Options

6.4.5 Contributions

6.5 Medical Benefits

6.5.1 Introduction

6.5.2 Eligibility

6.5.3 Benefits

6.5.4 Payment Options

6.5.5 Contributions

6.6 Workers’ Compensation

6.6.1 Introduction

6.6.2 Eligibility

6.6.3 Benefits

6.6.4 Payment Options

6.6.5 Contributions

6.7 Maternity and Paternity Benefits

6.7.1 Introduction

6.7.2 Eligibility

6.7.3 Benefits

6.7.4 Payment Options

6.7.5 Contributions

6.8 Other Benefits

6.8.1 Family Benefits

6.8.2 Long-term Care Benefits

6.8.3 Minimum Resources

6.8.4 Unemployment Benefits

6.8.5 Leaves and Holidays

7 PRIVATE BENEFITS

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Disability Benefits

7.4 Medical Benefits

7.5 Accidental Death and Dismemberment Benefits

7.6 Other Benefits

8 APPENDIX

8.1 Methodology

8.2 Contact GlobalData

8.3 About GlobalData

8.4 GlobalData’s Services

8.5 Disclaimer

List of Tables

List of Tables

Table 1: Insurance Industry Definitions

Table 2: Bulgaria – Country Statistics

Table 3: Bulgarian Retirement Benefits -Employer and Employee Contribution

Table 4: Bulgarian Retirement Benefits – Contributions by Self-Employed Individuals

Table 5: Bulgarian Retirement Benefits – Supplementary Compulsory Pension

Table 6: Bulgarian Short-Term Sickness Benefits – Employer and Employee Contribution

Table 7: Bulgarian Workers’ Compensation – Determination of Coefficient

Table 8: Bulgarian Workers’ Compensation – Amount of Workers’ Compensation Insurance Minimum Pension

Table 9: Bulgarian Maternity and Paternity Benefits – Employer and Employee Contribution

Table 10: Bulgarian Long-term Care Benefits – Degree of Disability

Table 11: Bulgarian Minimum Resources – Determination of Differentiated Guaranteed Minimum Income

Table 12: Bulgarian Unemployment Benefits – Duration of Insurance and Benefits Paid

Table 13: Bulgarian Unemployment Benefits – Employer and Employee Contributions

Table 14: Bulgaria Leave – Fixed National and Public Holidays 2021

List of Figures

List of Figures

Figure 1:-Bulgaria- Main Institutions of Social Security System

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