Saturday , October 23 2021

Savings for second pension finally exceeded 3000 leads – 【Business News】 latest financial news and foreign exchange market



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The average amount of funds accumulated for a second pension finally exceeded 3,000 BGNs. As of March 31, 2019, there were an average of 3147.48 surveys in the accounts of those born after 1959, according to statistics from the Financial Supervision Commission. However, the optimistic news is only valid for men, where the average amount of funds accumulated is almost BGN 3300 (BGN 3299.56). Women are close but still below the limit of 3000 leads with 2986.02 leads, according to Sega.

People who retire first with two pensions – the Bulgarians aged 55-59, have about 4,000 levs in their bills. Men in this age category have accumulated an average of 3971.38 BGN and women – 3884.54 BGN, however, it is clear what future pensioners will react to these amounts. The experts' expectations are that the first pensioners in the reform cohort have minimal sums from the second pillar and, recently, at a conference on the subject, there was also the anxiety that the first years would be accompanied by great discontent. It is known that many lots are hollow – they have already been made for some reason, but there is no regular income of money. New ways of working part time and so on. also lead to low amounts.

Against this background, the social ministry has not yet published the bill that should regulate the retirement phase of the second pension. According to a change of one year, the universal funds will guarantee a minimum value of the second pension. Payment will be possible over a lifetime or overdue, and the choice is limited based on the value of the lot. In other words, it is unlikely that the first retirees have a choice, because they will not earn a living for them.

After the bad 2018, when there was a negative return, universal pension funds improved their performance. All funds have managed to achieve a positive return in the last 24 months, the data show on March 29 on an annual basis. For the period from March 31, 2017 to March 29, 2019, the weighted average yield of the nine funds was 1.36% to 0.96% for the previous period at the end of 2018.


"Saglasie" has 2.27% on a yearly basis over the last 24 months, and "Toplina" reaches 2.25% in the last 24 months, according to figures from the end of the first quarter of 2019. "Saglasie" . Doverie, which holds the largest market share, has 1.25%, DSK Rodina -1.73%, En-PFP -1.39%, CCB-Sila and UPF-Futuro have 1.80%. Less than 1% is Allianz Bulgaria with 0.24% and UPI UP with 0.32%.

Bulgaria

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