Pension entitlements in social insurance

National Statistical Institute

Financial National Accounts Department

Peter Kamenov

Desislava Malinkova

Milena Georgieva

Head of unit

State expert

State expert

2, P. Volov Str.; 1038 Sofia, Bulgaria

[email protected]

[email protected]

[email protected]

+359 2 9857 516

+359 2 9857 192

+359 2 9857 708

The first column contains detailed data (starting balance, changes during the year, final balance) on pension entitlements of persons insured in all second and third pillar funds in Bulgaria that meet the requirements of ESA 2010 to be classified as a pension scheme.

The second column contains detailed data (starting balance, changes during the year, final balance) on pension entitlements of persons insured in the public social security pension scheme (the National Social Security Institute – NSSI). For the purpose of calculating the indicators in this column a special statistical actuarial model for pension entitlements is used; the model was created and elaborated in BNSI based on the guidelines of the "Technical Compilation Guide for Pension Data in National Accounts".

• European system of national and regional accounts, 2010 (ESA 2010)

Universal Pension Funds (UPS)

Professional Pension Funds (PPF)

Supplementary Voluntary Pension Insurance (SVPI)

Public Social Security Pension Scheme - NSSI

• European system of national and regional accounts, 2010 (ESA 2010);

• Technical Compilation Guide for Pension Data in National Accounts.

Pension scheme.

Components of pension entitlements under pension schemes.

Pension schemes in the Republic of Bulgaria.

2018

Not applicable.

Million BGN

Year.

• Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union;

• Commission implementing Regulation (EU) No 724/2014 of 26 June2014 on the interchange standard for the transmission of data required under Regulation (EU) No 549/2013 of the European Parliament and of the Council on the European system of national and regional accounts in the European Union.

According Eurostat transmission program.

• Law on Statistics;

• Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society;

• Regulation (EU) 2015/759 of the European parliament and of the Council of 29 April 2015 amending Regulation (EC) No 223/2009 on European statistics.

Individual data are not published in accordance with article 25 of the Law on Statistics. The distribution of individual data can be performed only in accordance with article 26 of the same law.

The date of publishing of the statistical data is shown in the Release Calendar presenting the results of the statistical surveys carried out by the National Statistical Institute.

Data is published on the NSI website, section Macroeconomic statistics in accordance with the Law on Statistics and the European Statistics Code of Practice respecting the professional independence and aimed at objectivity, transparency and equal treatment of all consumers.

Every three years for a three-year period.

No.

No.

The survey results are available to all users on the NSI website under the heading Macroeconomic statistics – Pension entitlements in social security: https://www.nsi.bg/en/node/16037

Not applicable.

Not applicable.

• European system of national and regional accounts, 2010 (ESA 2010);

• Technical Compilation Guide for Pension Data in National Accounts.

Not applicable.

· European Statistics Code of Practice;

· Common framework for quality management in the National Statistical System.

The quality assessment procedure includes arithmetical checks on the data and consistency checks with the ESA 2010.

Main users of date for Pension entitlements in Bulgaria:

· Eurostat;

· European Central Bank (ECB);

· International financial institutions, etc.

Not applicable.

The table for Pension entitlements in Bulgaria meets all requirements concerning financial indicators and institutional sectors of ESA 2010.

Overall accuracy is ensured according to the above regulations.

Not applicable.

Not applicable.

Every three years for a three-year period, according to Eurostat Transmission programme requirements.

Without any delay.

Not applicable.

The published data for Pension entitlements in Bulgaria are comparable over time according Eurostat Transmission program requirements.

When compiling data on pension entitlements procedures and rules are being followed which ensure methodological reliability of results.

Internal coherence is fully ensured.

Not applicable.

According requirement of Eurostat main revisions and current revisions.

Not applicable.

Main data sources for the compilation of pension entitlements are:

• Detailed pension data for public social security from the National Social Security Institute;

• Financial data on second and third pillar pension schemes from the Financial Supervision Commission;

• Data on the distribution of pension benefits between employer and employee for civil servants from the Consolidated fiscal program.

Annually.

Exhaustive data for all pension schemes, insured persons and retirees.

Validation of the data from Eurostat.

Analysing, grouping.

Not applicable.