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The average amount of retirement pensions has increased by over 23% per year, the National Social Security Institute reported in information on the implementation of the budgets of the social security funds administered by the institute at the end of August.
As of 31 August 2023, the total reported revenue was EUR 7,295.7 million. 65% implementation of the plan for the year. Revenue was $887.8 million. Lv. compared to the same period of 2022. The total reported expenditures amounted to EUR 13,968.9 million. Lv. or 64.1% of the total planned for the year. Compared to August 2022, the expenditures amounted to EUR 2 625.1 million. Lv. more.
In the structure of total expenditure, the largest share is occupied by pension expenditure, amounting to EUR 12,390.5 million. Lv. These costs amounted to EUR 2 675.2 million. Lv. or 27.5% more than the report for the first eight months of last year. The number of pensioners in August this year is 2 098 persons less than for the same month of the previous month.
The average monthly pension per pensioner for August 2023 is BGN 825.87, which is BGN 0.43. more than that size a month earlier. Compared to the same month of 2022, the average amount increased by BGN 146.67. (21,6%).
The average monthly amount of the retirement pension of a pensioner for August is BGN 907.83. It is 0,38 lv. higher than the amount for the previous month and by BGN 172.81. (23.5%) more than the average in August 2022.
The next most important and large group of expenditures in the consolidated budget of the SSS are the costs for payment of cash benefits and benefits under the Social Security Code. As of 31 August 2023, they amounted to EUR 1,475.7 million. 59.8% implementation of the plan for the year. The reported costs are 100.3m euros. Lv. compared to the same period of 2022.
The total amount of reported transfers (net) under the consolidated budget of the SSS as of August was EUR 6,701.4 million. left.
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The reported revenues in the Teachers' Pension Fund as of August 31 are 65.3m euros. 61% implementation of the plan for the year. Revenue was $4.1 million. Lv. compared to the same period of 2022. The total reported expenses of the Teachers' Pension Fund as of August 31 are 56.1 million. Lv. or implementation of the plan for the year within 62%. The costs incurred amounted to 12.3m euros. Lv. compared to the same period of 2022.
For the Guaranteed Receivables of Employees Fund, the reported revenues as of 31 August amounted to 2 162.1 thousand. left. Revenue was $94,0. Lv. compared to the same period of 2022. The total reported expenditures amounted to 1 784.6 thousand. the payments made are for 905.6 thousand. Lv. more than last year.
A few days ago, the NSSI announced that the average social security income for the country for July 2023 is BGN 1416,53.1. The average monthly insurable income for the country for the period from August 2022, 31 to July 2023, 1389 is BGN 13,2023.70. The determined average monthly insurable income for the country for the specified period serves in calculating the amounts of the newly granted pensions in August 3, according to Art. <>, para. <> of the Social Security Code.