Minimum pension to increase again from July 1

At the latest meeting of the National Council for Tripartite Cooperation (NCTS), with the exception of representatives of the Industrial Capital Association in Bulgaria, the proposal to increase the minimum pension for contributory service and age was unanimously approved. This was announced by the Minister of Finance and Deputy Prime Minister, Gulab Donev, at his introductory press conference.

According to the decision, the minimum pension will be raised from 322.37 euros to 347.51 euros, effective from July 1, 2026.

The meeting also discussed a draft bill submitted for approval, which aims to provide more opportunities for the Commission for Protection of Competition (CPC) and the Consumer Protection Commission. Representatives of trade unions, such as Plamen Dimitrov from KT “Podkrepa” and KNSB, expressed the opinion that these texts could enhance regulatory capabilities and ensure transparency in pricing.

Dimitrov noted that the findings of the CPC provide grounds for more effective market control. Another important point on the agenda was a bill introduced by Deputy Vladimir Rakov and a group of MPs to amend the extending law for the budget. According to this, retirees with minimal pensions who receive labor income will have the right, from July 1, to increase their pensions by 7.8 percent.

Mr. Donev emphasized that many participants are involved in the work on this topic, which creates a solid foundation for constructive dialogue. He added that everyone in the tripartite dialogue is committed to reaching an agreement on reasonable management decisions that will have broad public support.

Source: Plovdiv24.bg