Jan 12, 2024 1 min read

Bulgaria changes in social security base and benefits 2024

Changes in minimum insurance

The minimum insurance income depends on the group of economic activities of the insurer. The minimum insurance income becomes BGN 933, and the maximum insurance income becomes BGN 3,750.

Changes in sick leave payment

The employer covers 70% for the first two days of sick leave. The rest of the sick leave is covered by the National Social Security Institute after the employee submits the appropriate documents.

Changes in pension & unemployment benefits

The minimum pension amount from January 01, 2024, until June 30, 2024, would be BGN 523.04 and from July 01, 2024, until December 31, 2024, would be BGN 580.57.

The daily minimum unemployment benefit is BGN 18, and the daily maximum amount is BGN 107.14.

The above-mentioned changes are applicable from Jan 01, 2024.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change

Mercans Recommends

View PDF

Bulgaria changes in social security base & benefits 2024
Size

790.45 KB

Most viewed posts

View all posts

Avasant Selects Mercans as a Leader in Payroll Business Process Tra...

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

Dec 22, 2023 4 min read

Global BPO Leader Infosys Selects Mercans’ Payroll Tech to Power i...

This partnership brings together Mercans' disruptive payroll tech and Infosys' consulting and BPO capabilities to create the most tech advanced and operationally resilient global payroll offering.

Sep 26, 2023 3 min read

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read