Pension entitlements in social insurance



Pension entitlements in Bulgarian social insurance for 2015
(Million BGN)
Indicators Non-general government General government Total Pension Schemes
Defined contribution schemes Social security pension schemes
1 Pension entitlements (opening balance) 8 160 135 985 144 145
2 Increase in pension entitlements due to social contributions 1 312 7 619 8 931
2.1 Employer actual social contributions 799 2 087 2 886
2.2 Employer imputed social contributions - - -
2.3 Household actual social contributions 438 1 452 1 890
2.4 Household social contribution supplements 213 4 080 4 293
2.5 Less: Pension scheme service charges 138 0 138
3 Other (actuarial) change of pension entitlements in social security pension schemes - 4 990 4 990
4 Reduction in pension entitlements due to payment of pension benefits 97 8 090 8 187
5 Changes in pension entitlements due to social contributions and pension benefits 1 215 4 519 5 734
6 Transfers of pension entitlements between schemes -42 42 0
7 Change in entitlements due to negotiated changes in scheme structure 0 0 0
8 Changes in entitlements due to revaluations 0 0 0
9 Changes in entitlements due to other changes in volume 0 0 0
10 Pension entitlements (closing balance) 9 333 140 546 149 879
28.03.2018
Pension entitlements in social security
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

Financial National Accounts Department

Contact name

Desislava Malinkova

Milena Georgieva

Contact person function

State expert

State expert

Contact mail address

2, P. Volov Str.; 1038 Sofia, Bulgaria

Contact email address

DMalinkova@nsi.bg

MGeorgieva@nsi.bg

Contact phone number

+359 2 9857 192

+359 2 9857 708

Contact fax number
Metadata update
Metadata last certified28 March 2018
Metadata last posted28 March 2018
Metadata last update28 March 2018
Statistical presentation
Data description

The first column contains detailed data (starting balance, changes during the year, final balance) on pension entitlements of persons insured in all second and third pillar funds in Bulgaria that meet the requirements of ESA 2010 to be classified as a pension scheme.

The second column contains detailed data (starting balance, changes during the year, final balance) on pension entitlements of persons insured in the public social security pension scheme (the National Social Security Institute – NSSI). For the purpose of calculating the indicators in this column a special statistical actuarial model for pension entitlements is used; the model was created and elaborated in BNSI based on the guidelines of the "Technical Compilation Guide for Pension Data in National Accounts".

Classification system

• European system of national and regional accounts, 2010 (ESA 2010)

Sector coverage

Universal Pension Funds (UPS)

Professional Pension Funds (PPF)

Supplementary Voluntary Pension Insurance (SVPI)

Public Social Security Pension Scheme - NSSI

Statistical concepts and definitions

• European system of national and regional accounts, 2010 (ESA 2010);

• Technical Compilation Guide for Pension Data in National Accounts.

Statistical unit

Pension scheme.

Statistical population

Components of pension entitlements under pension schemes.

Reference area

Pension schemes in the Republic of Bulgaria.

Time coverage

2015

Base period

Not applicable.

Unit of measure

Million BGN

Reference period

Year.

Institutional mandate
Legal acts and other agreements

• Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union;

• Commission implementing Regulation (EU) No 724/2014 of 26 June2014 on the interchange standard for the transmission of data required under Regulation (EU) No 549/2013 of the European Parliament and of the Council on the European system of national and regional accounts in the European Union.

Data sharing

According Eurostat transmission program.

Confidentiality
Confidentiality - policy

• Law on Statistics;

• Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society;

• Regulation (EU) 2015/759 of the European parliament and of the Council of 29 April 2015 amending Regulation (EC) No 223/2009 on European statistics.

Confidentiality - data treatment

Individual data are not published in accordance with article 25 of the Law on Statistics. The distribution of individual data can be performed only in accordance with article 26 of the same law.

Release policy
Release calendar

The date of publishing of the statistical data is shown in the Release Calendar presenting the results of the statistical surveys carried out by the National Statistical Institute.

Release calendar access
User access

Data is published on the NSI website, section Macroeconomic statistics in accordance with the Law on Statistics and the European Statistics Code of Practice respecting the professional independence and aimed at objectivity, transparency and equal treatment of all consumers.

Frequency of dissemination

Every three years for a three-year period.

Accessibility and clarity
News release

Yes.

Publications

No.

On-line database

The survey results are available to all users on the NSI website under the heading Macroeconomic statistics – Pension entitlements in social security: http://www.nsi.bg/en/node/16037

Micro-data access

Not applicable.

Other

Not applicable.

Documentation on methodology

• European system of national and regional accounts, 2010 (ESA 2010);

• Technical Compilation Guide for Pension Data in National Accounts.

Quality documentation

Not applicable.

Quality management
Quality assurance

· European Statistics Code of Practice;

· Common framework for quality management in the National Statistical System.

Quality assessment

The quality assessment procedure includes arithmetical checks on the data and consistency checks with the ESA 2010.

Relevance
User needs

Main users of date for Pension entitlements in Bulgaria:

· Eurostat;

· European Central Bank (ECB);

· International financial institutions, etc.

User satisfaction

Not applicable.

Completeness

The table for Pension entitlements in Bulgaria meets all requirements concerning financial indicators and institutional sectors of ESA 2010.

Accuracy and reliability
Overall accuracy

Overall accuracy is ensured according to the above regulations.

Sampling error

Not applicable.

Non-sampling error

Not applicable.

Timeliness and punctuality
Timeliness

Every three years for a three-year period, according to Eurostat Transmission programme requirements.

Punctuality

Without any delay.

Coherence and comparability
Comparability - geographical

Not applicable.

Comparability - over time

The published data for Pension entitlements in Bulgaria are comparable over time according Eurostat Transmission program requirements.

Coherence - cross domain

When compiling data on pension entitlements procedures and rules are being followed which ensure methodological reliability of results.

Coherence - internal

Internal coherence is fully ensured.

Cost and burden

Not applicable.

Data revision
Data revision - policy

According requirement of Eurostat main revisions and current revisions.

Data revision - practice

Not applicable.

Statistical processing
Source data

Main data sources for the compilation of pension entitlements are:

• Detailed pension data for public social security from the National Social Security Institute;

• Financial data on second and third pillar pension schemes from the Financial Supervision Commission;

• Data on the distribution of pension benefits between employer and employee for civil servants from the Consolidated fiscal program.

Frequency of data collection

Annually.

Data collection

Exhaustive data for all pension schemes, insured persons and retirees.

Data validation

Validation of the data from Eurostat.

Data compilation

Analysing, grouping.

Adjustment

Not applicable.

Comment
Download in SDMX 2.1 file format: Pension entitlements in social security
Metadata Structure Definition in SDMX 2.1: ESMS_MSD+BNSI+2.0+SDMX.2.1.xml
Download in SDMX 2.0 file format: Pension entitlements in social security
Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml