Political risks and prospects for the strategic development of the funded pension pillars in Bulgaria

Zhivko Minkov

doi:10.5771/1435-2869-2016-2-239

Inhalt
- Kapitel Ausklappen | EinklappenAutorenSeiten
- Titelei/Inhaltsverzeichnis
- 139–140 Editorial 139–140
- 141–152 Can constitutionalism build the rule of law? Iliriana Islami Iliriana Islami 141–152
- 153–170 Expropriation and protection of private property: Analysis of the recent applicable law in Kosovo in relation to international standards Haxhi Gashi Haxhi Gashi 153–170
- 171–180 The precarious situation of domestic workers in the light of Turkish labour law and ILO Convention No. 189 Gizem Sarıbay Öztürk Gizem Sarıbay Öztürk 171–180
- 181–212 Labour market transitions of young women and men in Serbia Dragana Marjanović Dragana Marjanović 181–212
- 213–222 Participation of employees in defining economic policy and strategy Darko Marinković Darko Marinković 213–222
- 223–238 Logistical performance in the Balkans – trend evidence Vittorio D’Aleo, Bruno S. Sergi Vittorio D’Aleo, Bruno S. Sergi 223–238
- 239–264 Political risks and prospects for the strategic development of the funded pension pillars in Bulgaria Zhivko Minkov Zhivko Minkov 239–264
- 265–266 About the authors 265–266
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SEER Journal for Labour and Social Affairs in Eastern Europe , Seite 239 - 264

Political risks and prospects for the strategic development of the funded pension pillars in Bulgaria

Autoren

Zhivko Minkov

DOI
- doi.org/10.5771/1435-2869-2016-2-239
- ISSN print: 1435-2869
- ISSN online: 2942-3384
Abstract

This article illustrates and analyses the main problems and political challenges faced by the system of funded pension pillars in Bulgaria. It is motivated by the specific direction in which the pension debate has resumed in the country in the aftermath of the crisis, as well as by recent reform attempts that contravene the multi-pillar design and the complementary balance between the solidarity and funded approaches of meeting retirement risk, on which the new pension model has been developed after 1999. The main goal of the article is to put under critical analysis and evaluation the development and the leading problems of the funded pension pillars system in Bulgaria and to discuss possible reform steps and directions for its future evolution. The article concludes that adequate solutions must be found if the current crisis of trust and legitimacy of the pension model in the country is to be resolved; and that only then can the different pillars of the system have a chance of generating the sorts of pensions required if Bulgarians are to have a decent living standard in retirement.
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