Georgi Parvanov approves the Social Security Code amendments

President Georgi Parvanov did not avail himself of his right to impose a veto on the amendments to the Social Security Code and signed a decree for their promulgation. Nevertheless, the Head of State sharply criticised the document, which was adopted by the National Assembly on July 26, 2011.

According to Parvanov, however, the return of the law for further revision by Parliament, which is in its summer recess until the end of August, will affect the interests and expectations of certain categories of citizens, announced yesterday the Press Office of the President.

In the first place, widowers and widows will suffer because, from the beginning of September, they expect to be granted an increase of 20 to 26.5% of their widow's pension, wrote Georgi Parvanov.

In the second place, mothers who have unduly received childcare benefits will also be affected because the adopted law will remit to them the due accumulated interest and will refund the already paid interest.

Mainly due to these reasons, the Head of State did not avail himself of his right to impose a veto, although the passed amendments not only failed to meet public expectations but can possibly cause "significant social unrest among pensioners."

President Georgi Parvanov believes that this law does not aid those in need of social protection such as pensioners, mothers, sick people, as well as those working under harsh labour conditions and other categories of persons but actually helps only some of them.

"For two years now, pensions have not been increased and indexed and, due to the inflation, they are actually going down. Thus, instead of receiving adequate care and protection from the State, pensioners are forced to pay the high additional cost of the crisis and the inability of the GERB (Citizens for European Development of Bulgaria) government to cope with it," stated the Head of State.

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