{"id":16134,"date":"2021-10-04T16:08:07","date_gmt":"2021-10-04T13:08:07","guid":{"rendered":"https:\/\/dallbogg.bg\/?page_id=16134"},"modified":"2026-01-05T11:21:54","modified_gmt":"2026-01-05T09:21:54","slug":"universal-pension-fund","status":"publish","type":"page","link":"https:\/\/dallbogg.bg\/en\/funds\/universal-pension-fund\/","title":{"rendered":"Universal Pension Fund"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=””][vc_column][layerslider_vc id=”15″][vc_empty_space][vc_column_text]<\/p>\n

Who is covered by the Universal Pension Fund (UPF)?<\/strong><\/span><\/p>\n

 <\/p>\n

The Universal Pension Fund is compulsory for employees born after 31 December 1959 who are insured in the Pension Fund, or the Pension Fund for Persons under Article 69, of the State Social Insurance Institution (PSI), with the exception of persons who have opted to change their participation from the Universal Pension Fund to the State Social Insurance Institution.<\/p>\n

 <\/p>\n

Contributions to the UPF are built on a capital-based principle. The contribution rate is 5 per cent of the insurance income, divided between the employer (2.8 per cent) and the employee (2.2 per cent). Contributions and the returns on their investment are accumulated in individual accounts of the insured persons.[\/vc_column_text][vc_empty_space][vc_column_text]<\/p>\n

Insured persons\u2019 rights<\/strong><\/span><\/p>\n

 <\/p>\n

The purpose of the supplementary compulsory pension insurance in the Universal Pension Fund is to provide supplementary income by providing a supplementary old-age pension for life upon becoming entitled to a retirement pension from the State Social Insurance.<\/p>\n

 <\/p>\n

The insurance in the DallBogg: Life and Health Universal Pension Fund entitles to:<\/strong><\/p>\n

 <\/p>\n

A supplementary old-age lifelong pension <\/strong>\u2013 representing a monthly payment of an amount defined in the pension contract, payable to the person from a certain date until the end of his\/her life. This amount cannot be less than 15 per cent of the minimum amount of the retirement pension under Article 68, paragraph 1. 1 of the Social Insurance Code (SIC) on the date of its determination.<\/p>\n

 <\/p>\n

The pension can be of three types:<\/p>\n