Results of the supplementary pension insurance activity for the first nine months of 2021

The Social Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first nine months of 2021. The information was obtained on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age in the supplementary pension insurance funds as of 30.09.2021 have also been published.

The total number of insured persons in the four types of supplementary pension insurance funds as of 30.09.2021 is 4,827,412 people, increasing compared to 30.09.2020 by 0.37 per cent.

As of 30.09.2021, net assets in the amount of BGN 18,833,129 thousand have been accumulated in the supplementary pension insurance funds. Compared to the first nine months of 2020, the net assets of pension funds increased by 14.41 percent.

The total revenues of the pension insurance companies for the first nine months of 2021 amount to BGN 248,545 thousand. The net financial result of the companies as of 30.09.2021 amounts to BGN 73,702 thousand.

In September 2021, the first persons insured in the universal pension funds reached retirement age. For the due payments to these persons in September 2021 from the universal pension funds BGN 334 thousand were set aside for lifelong pensions, BGN 824 thousand for deferred payments and BGN 7 thousand for one-off payments. The funds set aside for lifelong pensions and deferred payments go to funds for payment of lifelong pensions and funds for deferred payments, from where the respective payments will be made. More data on the activity of the payment funds will be announced as of 31.12.2021.

Information on the results of the supplementary pension insurance activity for the first nine months of 2021 and on the insured persons and the accumulated funds in the supplementary pension insurance funds as of 30.09.2021 by sex and age are available in the section: Social Insurance activity / Statistics / Statistics and analysis.

Results of the supplementary pension insurance activity for the first nine months of 2021

The Social Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first nine months of 2021. The information was obtained on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age in the supplementary pension insurance funds as of 30.09.2021 have also been published.

The total number of insured persons in the four types of supplementary pension insurance funds as of 30.09.2021 is 4,827,412 people, increasing compared to 30.09.2020 by 0.37 per cent.

As of 30.09.2021, net assets in the amount of BGN 18,833,129 thousand have been accumulated in the supplementary pension insurance funds. Compared to the first nine months of 2020, the net assets of pension funds increased by 14.41 percent.

The total revenues of the pension insurance companies for the first nine months of 2021 amount to BGN 248,545 thousand. The net financial result of the companies as of 30.09.2021 amounts to BGN 73,702 thousand.

In September 2021, the first persons insured in the universal pension funds reached retirement age. For the due payments to these persons in September 2021 from the universal pension funds BGN 334 thousand were set aside for lifelong pensions, BGN 824 thousand for deferred payments and BGN 7 thousand for one-off payments. The funds set aside for lifelong pensions and deferred payments go to funds for payment of lifelong pensions and funds for deferred payments, from where the respective payments will be made. More data on the activity of the payment funds will be announced as of 31.12.2021.

Information on the results of the supplementary pension insurance activity for the first nine months of 2021 and on the insured persons and the accumulated funds in the supplementary pension insurance funds as of 30.09.2021 by sex and age are available in the section: Social Insurance activity / Statistics / Statistics and analysis.

Results of the supplementary pension insurance activity for the first half of 2021

The Social Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first half of 2021. The information was obtained on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age as of 30.06.2021 have also been published.

The total number of insured persons in the four types of pension funds as of 20.06.2021 is 4,828,080 people, increasing compared to 30.06.2020 by 0.60 per cent.

In the system of the supplementary pension insurance as of 30.06.2021, BGN 18,469,223 thousand of net assets have been accumulated. Compared to the end of the first half of 2020, the net assets of pension funds increased by 16.48 percent.

The total revenues of the pension insurance companies for the first half of 2021 amount to BGN 113,512 thousand and increased by 10.87 per cent compared to the reported revenues for the first half of 2020. The net financial result of the companies as of 30.06.2021 amounts to BGN 33,629 thousand

Detailed information on the results of the supplementary pension insurance activity for the first half of 2021 and on the insured persons and the accumulated funds as of 30.06.2021 by sex and age are available in the section: Social Insurance Activity / Statistics / Statistics and analysis / 2021.

Results of the change in the participation and transfer of funds of insured persons from one to another respective pension fund for the third quarter and first nine months of 2021

The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the third quarter and first nine months of 2021. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.

In the third quarter of 2021, a total of 88,381 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.

A total of 74,187 insured persons from the applications submitted in the third quarter of 2021 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 301,297,085.

The insured persons who exercised their right to change their participation and transfer funds from the individual accounts in the first nine months of 2021 are a total of 221,534. The total amount of transferred funds since the beginning of the year is BGN 881,173,537.

Results of the change in the participation and transfer of funds from one to another respective pension fund for the third quarter and the first nine months of 2021 are available in section: Social Insurance activity / Statistics / Statistics and analysis / 2021.

Results of the change in the participation and transfer of funds of insured persons from one to another respective pension fund for the second quarter and first half 2021

The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the second quarter and first half of 2021. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.

In the second quarter of 2021, a total of 84,816 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.

A total of 72,876 insured persons from the applications submitted in the second quarter of 2021 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 298,998,865.

The insured persons who exercised their right to change their participation and transfer funds from the individual accounts in the first half 2021 are a total of 147,347. The total amount of transferred funds since the beginning of the year is BGN 579,876,453.

Results of the change in the participation and transfer of funds from one to another respective pension fund for the second quarter and first half of 2021 are available in section: Social Insurance Activity / Statistics / Statistics and analysis / 2021.

Results of the change in the participation and transfer of funds of insured persons from one to another respective pension fund for the fourth quarter and for 2020

The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the fourth quarter and for 2020. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.

 In the fourth quarter of 2020, a total of 71,894 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.

 A total of 61,809 insured persons from the applications submitted in the fourth quarter of 2020 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 219,843,802.

 The insured persons who exercised their right to change their participation and transfer funds from the individual accounts in 2020 are a total of 232,148. The total amount of the transferred funds in 2020 from one to another respective fund is BGN 813,279,425.

 Results of the change in the participation and transfer of funds from one to another respective pension fund for the fourth quarter and for 2020 are available in section: Social Insurance activity/ Statistics / Statistics and analysis / 2020.

Results of the change in the participation and transfer of funds of insured persons from one to another respective pension fund for the first quarter of 2021

 The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the first quarter of 2021. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.

In the first quarter of 2021, a total of 86,285 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.

A total of 74,471 insured persons from the applications submitted in the first quarter of 2021 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 280,877,588.

Results of the change in the participation and transfer of funds from one to another respective pension fund for the first quarter of 2021 are available in section: Social Insurance activity / Statistics / Statistics and analysis / 2021.

Results of the Activities on Supplementary Pension Insurance for Year 2004

The Social Insurance Supervision Division of the Financial Supervision Commission has announced the final results of the activities on supplementary pension insurance for year 2004. The net assets’ total amount as of December 31, 2004 accumulated by the three types of pension funds – voluntary, occupational and universal – amounts to BGN 787,414,000, which shows an increase of 54 % compared to the end of year 2003. As of the same period, the number of insured persons has reached 2,716,367.
Detailed information on the results of the activities on supplementary pension insurance for year 2004 may be found under the Statistics Rubric, Social Insurance Market Statistics and Analyses Section.

Results of switching of participation and transfer of funds by the insured persons from one pension insurance fund to another for the fourth quarter and for the whole of 2010

In the fourth quarter of 2010, in total  54 440 applications were filed in the pension insurance companies for switching of participation and transfer of funds from one pension insurance fund to another.
Overall 46 714 insured persons from those that filed applications in the fourth quarter of 2010 changed their participation in the supplementary pension insurance funds. The total amount of the transferred funds in another pension fund of the corresponding type was BGN 47 412 thousand.
During the whole 2010, totally 182 899 insured persons availed themselves of their right to switch their participation in the supplementary pension insurance funds and transferred resources from one to another respective fund, to the amount of BGN 182 842 thousand. In comparison to 2009, the persons who changed their participation increased by 59,28 percent, and the amount of the transferred funds – by 106,83 percent.
You can find the results of participation switching and transfer of funds to another pension fund for the fourth quarter of 2010 and for the whole of 2010 in Section Statistics, Statistics and Analysis of the Social Security Market.

Results of FSC’ inspection of pension insurance company “Alianz Bulgaria”

In July 2004 Social Insurance Supervision Division of FSC completed full documentary inspection of pension insurance company “Alianz Bulgaria”. The objective of the inspection was to check the activity of the company for the period after September 1, 2003.  As a result of the inspection number of infringements of the Social Insurance Code was determined. Five punitive acts and total fines of BGN 5600 were imposed to the executive director of “Alianz Bulgaria” by the Head of Social Insurance Supervision Division.