15-Day Deadline to Choose Second Pension Investment in Bulgaria

Insured Bulgarians have a 15-day window to decide how their second pillar pension savings are invested, according to a report in Dnevnik on Saturday.

The announcement has brought the private pension system back into the spotlight after a wave of public and political reaction to information about a possible reform. Critics, including politicians, citizens and business representatives, argued that the planned changes would have harmed the second pension.

Opposition parties have stated that the government has now dropped the reform plans following the public outcry. The government's official position on the matter has not been detailed in the report.

The 15-day window for choosing investment options is a critical period for insured workers. Those affected should check with their pension fund or the relevant authorities for specific details on how to make their selection, as the initial report did not include step-by-step guidance.

Making an informed choice now can have long-term consequences for retirement income, so insured persons are advised to act promptly.