No Final Decision Reached on Pension Reform

No Final Decision Reached on Pension Reform

Bulgaria's government, employers and trade unions have not reached an agreement on the social contributions payment and the steps to overhaul the country's pension system.

Only the increase in the social contributions payment by 1.8% was agreed during Sunday's debate. A new meeting of the National Council for Tripartite Cooperation will be held Tuesday.

A consensus has not been reached on the number of years people have to work before drawing a full pension starts to increase by four months as of 2013, as the government proposed, or 2015, as the trade unions demand.

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