Now Available: Employee Benefits in Bulgaria

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. In Bulgaria, the pension system is classified into four pillars: the pay-as-you-go (PAYG) public pension insurance scheme, which is mandatory; supplementary compulsory pension insurance, which is divided into the Universal Pension Fund and the Professional Pension Fund; voluntary pension funds; and voluntary occupational schemes regulated by the Institutions for Occupational Retirement Provision (IORP) directive. Voluntary occupational schemes are managed by pension fund companies.

Full Report Details at
- http://www.fastmr.com/prod/883877_employee_benefits_in_bulgaria.aspx?afid=301

Report Highlights

* Social protection in Bulgaria consists of a social insurance scheme, which acts as a classic contribution, non-contributory scheme, and a social assistance scheme
* Public social insurance schemes are responsible for providing cash benefits and pensions in the event of sickness, occupational disease, old age, death, invalidity, accident at workplace and maternity
* Social assistance provides protection against poverty by covering family benefits, under Bulgarian legislation
* Insurance and tax-financed schemes are the most common within the Bulgarian health model
* Private pension benefits come under the third and the fourth pillars, which are classified as voluntary pension funds and voluntary occupational schemes
* Meal vouchers, business travel allowances, employee assistance programs and flexi-time are examples of typical fringe benefits in the country

Report 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 benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, minimum resources, unemployment, long-term care benefits and private benefits
* It highlights the economic and regulatory situations relating to employee benefits in Bulgaria

Reasons to Get this Report

* Make strategic decisions using in-depth information related to Bulgarian employee benefits
* Assess the Bulgarian 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

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