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DB: They Are Preparing a Partial Nationalization of the Second Pension Pillar

Summary by Клуб 'Z'
"Another scandalous action by the authorities - we received information that they plan to partially nationalize the second pillar of pension insurance in order to finance the deficit. Instead of incentives for the economy and the capital market - more money is being directed to the state. Instead of optimizing expenses - tightening the revenue side. This may give a short-term result for plugging holes, but in the long term it is pressing the gas…

8 Articles

Lean Left

Martin Dimitrov described the nationalization of the second pension pillar as theft and warned of inflation and a severe winter.

The government denied plans to redirect part of the social security contributions from the second pension pillar to the National Social Security Institute (NSI). The reaction came after information from Democratic Bulgaria that a similar change was being prepared in order to finance the budget deficit.

"We Continue the Change" will call for protests if the government proposes that half of the contribution for the second pension pillar be redirected to the National Social Security Institute. This was stated by the party leader Assen Vassilev to journalists before the meeting of the parliamentary committee on budget and finance. The reason for his comment was information published in some media that the cabinet is considering […]

The opposition has unanimously declared itself against unofficial information about increasing the contributions to the National Social Security Institute at the expense of the second pillar. According to unofficial information on 24 hours, the Ministry of Finance plans to reduce the contribution to the second private pillar from 5 to...

The new government plans to nationalize part of the money from the second pillar of pension insurance, "Yes, Bulgaria" warns.

The co-chairman of "Yes, Bulgaria" Bozhidar Bozhanov warns of a "scandalous action by the authorities": "Another scandalous action by ...

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Клуб 'Z' broke the news on Tuesday, November 3, 2026.
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