Results of the activity on supplementary pension insurance for the first half of 2023
The Social Security Supervision Department of the Financial Supervision Commission announced the results of the activity on supplementary pension insurance for the first half of 2023. The information is summarized on the basis of the reports for supervisory purposes submitted by the pension insurance companies to the Financial Supervision Commission. Data on the distribution of insured persons by gender and age in pension funds as of 30.06.2023 are also published.
The total number of insured persons in the four types of pension funds as of 30.06.2023 is 4 965 310 people, increasing by 42 056 people or 0.85 per cent compared to 31.06.2022 and by 77 649 or 1.59 per cent compared to 30.06.2022.
The largest share of insured persons is concentrated in universal pension funds – 80.29%. Persons insured in voluntary and occupational pension funds occupy a share of 12.97 per cent and 6.54 per cent, respectively. The smallest share of insured in voluntary pension funds under occupational schemes is 0.20%.
As of 30.06.2023, the net assets of pension funds are worth 21 079 926 thousand. Lv. Compared to 31.12.2022, the net assets of pension funds increased by 9.70%, and compared to 30.06.2022 by 14.08%.
The rate of growth of net assets differs by type of funds. The net assets of universal pension funds grew the fastest, which reported an increase of 15.10% compared to 30.06.2022, followed by occupational and voluntary pension funds with growth for the same period of 9.79% and 6.07%, respectively. The reported growth of voluntary pension funds under occupational schemes for the period is 4.26%.
The gross receipts from social security contributions to pension funds in the first half of 2023 are a total of 1 251 054 thousand. Lv. and increased by 16.15% compared to the first half of 2022. The proceeds from social security contributions in the UPF registered an increase of 19.73%, and in the PPF 15.59%. A decrease in the receipts from social security contributions is observed in voluntary pension funds and voluntary pension funds under occupational schemes.
The persons receiving payments from the funds for making payments as of 30.06.2023 are 16 096, of which 1 695 pensioners and 14 401 persons with deferred payments. These are persons who have been insured in universal pension funds and have reached retirement age. In the first half of 2023, 1 833 thousand were paid from the payment funds. Lv. for pensions, 29 354 thousand. Lv. for deferred payment of insured persons and 114 thousand. Lv. of pensioners’ heirs and persons who have received deferred payments. The average amount of pensions paid in the first half of 2023 is BGN 225.12 and the average amount of the deferred payment is BGN 399.08. Compared to the first half of 2022, the average amount of pensions paid increased by BGN 24.91, or by 12.44%, and the average amount of deferred payment increased by BGN 84.21, or by 26.74%.
Detailed information about the results of the activity on supplementary pension insurance for the first half of 2023, as well as about the insured persons and the accumulated funds in the pension funds as of 30.06.2023 by gender and age can be found in section: Social security activity / Statistics / Statistics and analyses.