National Council for Tripartite Cooperation supported the introduction of the Pan-European pension product in Bulgaria

The National Council for Tripartite Cooperation (NCTC) expressed support for the proposal tabled by Minister of Finance, Assen Vassilev, for changes to the Social Security Code, which introduce the Pan-European pension product in Bulgaria. It will enable funds from other EU countries to enter the Bulgarian market, collect social security contributions and pay pensions in the country. In practice, this will also allow the transfer of social security contributions and pensions from one EU country to another, if the insured person changes their place of residence.

Fathers and adoptive parents would be entitled to two months paid annual leave until their child reaches the age of 8. This proposal is part of the draft amendment to the Labour Code tabled by Minister of Social Policy, Georgi Gyokov. The AICB has opposed his proposals for changes to the Code. According to them, the changes have a "wrong philosophy" and might lead to additional obligations for employers and administrative burden.

At the end of the Council, representatives of business and trade unions expressed their indignation that the package of anti-crisis measures in the part concerning pensions was not discussed with them. Finance Minister Assen Vassilev said that there is still no complete unanimity in the coalition on the package of anti-crisis measures.

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