The state social insurance (SSI) is a form of organized material protection of the employed persons in case of loss of income. The main source of the insurance law which consolidates the social insurance regulations into a single legal act is the Social Insurance Code (SSC) (BG)
==> Basic principles: mandatory character and generality of the social insurance; solidarity of the insured persons; equality of the insured persons; social dialogue in the social insurance system management; funds organization of the social insurance resources.
==> Persons subject to state social insurance are insured in:
“Insured person” is an individual pursuing labour activity for which he/she is subject to mandatory insurance under Art. 4 and 4a, para 1 of the Social Insurance Code, for which had been paid or are due social insurance contributions. The insurance of the person, who had started labour activity following Art. 10, continues also during the periods specified in Art. 9, para 2, points 1-3 and 5. Self-insured persons and persons under Art. 4a, para1 are regarded as insured persons for the time, during which the due social insurance contributions had been paid.
See who is considered Insured Persons
==> A contributor shall be each individual, legal entity or non corporate entity as well as other organizations, which have the legal obligation to pay social insurance contributions for other individuals. The state shall participate in the social insurance contributions through transfers to the Pensions Fund in the amount specified and in accordance with the procedure stipulated in Art. 21, point 5 of the Social Insurance Code (transfers from the national budget amounting to 12% on the total of the insurable earnings of all the insured persons for a calendar year).
==> A self-insured person shall be an individual, who is obliged to pay social insurance contributions at his/her own expense. The state shall participate in the social insurance contributions of the self-insured persons through transfers to the Pensions Fund in the amount specified and in accordance with the procedure stipulated in Art. 21, point 5 of the Social Insurance Code.
==> The social insurance procedure of the self-insured persons and the persons who work without having an employment relationship, as well as the social insurance procedure for the Bulgarian citizens who work abroad and the seafarers is regulated in the Ordinance on Social Insurance of Self-Insured Persons, Bulgarian Citizens Employed Abroad and Seafarers (BG). The social insurance contributions for the self-insured persons shall be completely at their own expense.
==> The social insurance contributions shall be transferred to the relevant account of the competent Territorial Directorate of the National Revenue Agency through the respective banks, licensed mail operator or their divisions, by means of:
See Bank accounts (BG)
==> Amounts of social insurance contributions for State Social Insurance (SSI), for the Supplementary Compulsory Pension Insurance (SCPI) – as per types of insured persons and as per distribution between contributor and insured person. See the Table for 2014. (BG)
==> Insurable earnings
The earnings on the basis of which social insurance contributions are due shall include all the remunerations, including those accrued and unpaid or those not accrued as well as any other income from employment relationship.
==> Amounts of the monthly insurable earnings for 2014 – Art. 8 of the State Social Insurance Budget Act (BG) for 2014 stipulates the following amounts of the monthly insurable earnings:
- up to BGN 5400 - BGN 420;
- from BGN 5400,01 up to BGN 6500 – BGN 450;
- from BGN 6500,01 up to BGN 7500 - BGN 500;
- over BGN 7500 - BGN 550;
The insurable earnings on the basis of which social insurance contributions are paid are regulated in the Ordinance on the Elements of the Remuneration and on the Income on which Social Insurance Contributions are paid (BG).
The contributors, social insurance funds, self-insured individuals and employers shall submit regularly to the National Revenue Agency data on:
The contents, terms, methods and the procedure for submission and storage of declarations are regulated in Ordinance No. Н-8 of December 29th, 2005 on the Contents, Terms, Methods and Procedures for Submission and Storage of Data by the Employers, Contributors for the Persons insured by them, as well as by the Self-insured Persons. (BG)