Adequacy and equivalence in public pension insurance in Bulgaria Cover Image

Адекватност и еквивалентност в публичното пенсионно осигуряване в България
Adequacy and equivalence in public pension insurance in Bulgaria

Author(s): Plamen Yordanov, Margarita Nikolova
Subject(s): Economy, Financial Markets, Human Resources in Economy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: public pension insurance; equivalence; adequacy
Summary/Abstract: The combination of adequacy and equivalence within the financial organisation of pension insurance requires the search for a reasonable compromise balancing the desired level and amount of pensions and collected social insurance contributions (instalments). The aim of this paper is to make an attempt to assess the degree of conformity of the pensions granted for labour activity in Bulgaria in relation to the social insurance contribution of the persons receiving them.