The Number of the Insured Persons in the Supplementary Pension Insurance Funds Reached 4.849 Million as of 31-st of December, 2021, Net Assets BGN 19.557 Billion.
The Insurance Supervision Department of the FCS announced the preliminary results of the supplementary pension insurance activity as of December 31st, 2021. The information was obtained on the basis of reports, submitted by the pension insurance companies of the Financial Supervision Commission. The data on the distribution of the insured persons by sex and age in the supplementary pension insurance funds as of December 31st, 2021 have also been published.
The total number of the insured persons in the four types of funds for supplementary pension insurance as of 31st of December, 2021 is 4 849 754 persons, increased compared to September 30th, 2021 by 0.64 per cent.
As of December 31st, 2021, net assets amounting to BGN 19,557,121 thousand have been accumulated in the supplementary pension insurance funds. Compared to the end of 2020 the net assets of the pension insurance funds increase by 13,08 per cent. The total income of the pension insurance companies for 2021 amount to 311,101 thousand leva. By the end of 2021, 7 lifelong pension funds (FIPP) and 9 deferred payment funds (DPF) have been established. During the period September 1st, 2021 – December 31st, 2021 total 270 pension contracts are concluded for the payment of the supplementary lifetime old-age pension and 1863 contracts for deferred payment of funds with the first persons, insured in the universal pension funds and reaching retirement age. In order to make payments to these persons during the period September 1st, 2021 – December 31st, 2021, BGN 4,491 thousand were transferred from their individual accounts to the FIPP and BGN 8,625 thousand to the DPF. During the same period, BGN 52,000 was paid for pensions by the FIPP, and BGN 596,000 was paid by the DPF for deferred payments to insured persons and BGN 8,000 once to heirs of insured persons who received deferred payments.
Funds in the amount of BGN 58,000 were paid once from the universal pension funds to insured persons who have reached retirement age and had very small pension savings.
The information about the preliminary results of the pension funds and the funds for making payments for 2021 as well as for the insured persons and the accumulated amounts in the pension funds as of December 31st, 2021 by sex and age could be found in the section: Markets / Insurance market/ here.