Individual retirement provision contract and individual account
Retirement provision is implemented on the basis of a contract between a pension fund member and a licensed pension company. Contributions are accumulated in an individual member account.
Pensionable contributions
Pensionable contributions at the expense of a pension fund member can be made monthly, quarterly, semi-annually or annually. It is also possible for members to make a lump-sum contribution.
Bank account for voluntary retirement provision contribution payment:
Holder: Allianz Bulgaria VPF
IBAN: BG20STSA93000004099823
In order to facilitate pension fund members' identification, at least two of the following should be written in the remittance reason:
The company provides a supplementary pension, one-time and deferred payment of the accumulated funds, namely:
1. In case of old age:
1.1. Upon acquisition of the right to a retirement pension under the procedure of Part One of SSC;
1.2. At the request of a pension fund member, the fund may pay a personal old-age pension upon reaching the age for the acquisition of the right to a retirement pension under Art. 68, para. 1 of the CCS or up to 5 /five/ years before reaching that age;
2. In case of disability: at 50 /fifty/ and over 50 /fifty/ per cent of pension fund member's permenant labour capacity decrease.
Beneficiaries / heirs at law acquire the right to a survivor’s pension, one-time / deferred payment of the accumulated funds / the balance on the individual account upon pension fund member's / retiree's death.
The company offers:
1. Old-age pension scheme
a/. Pension scheme with a personal lifelong old-age pension
b/. Pension scheme with a personal term old-age pension
c/. Pension scheme with a one-time/deferred payment upon acquisition of the right to a personal old-age pension
2. Disability pension scheme
a/. Pension scheme with a personal lifelong disability pension
b/. Pension scheme with a personal term disability pension
c/. Pension scheme with a one-time / deferred payment upon acquisition of the right to a personal disability pension
3. Servivor pension scheme
a/. Pension scheme granting a survivor term pension to a specified beneficiary/heir at law
b/. Pension scheme with a one-time/deferred payment
Appendix no. 1 to Art. 5, para. 2 of FSC Ordinance no. 61 of 27 September 2018 regarding the requirements to the advertising and written information materials and webpages of pension companies
Appendix no. 2 to Art. 5, para. 2 of FSC Ordinance no. 61 of 27 September 2018 regarding the requirements to the advertising and written materials and webpages of pension companies