0.40% - 1.10% - Accident at Work & Occupational Illness Fund
9.76% - Pension Fund
9.76% - Pension Fund
10% - Flat rate
Minimum wage is 260.76 EUR monthly.
Paid Time Off
Employees working in the company for more than eight consecutive months are entitled to 20 days paid vacation.
For the first three days of the sick leave, the employer must cover 70% of the employee’s wages. The National Social Security Institute must cover rest of the sick leave, after the employee provides necessary documentations. Employee must be working for the company for at least six consecutive months to claim these benefits. The employee will receive 80% of their regular wages per day, which is capped at BGN 2,600 in case of a sick leave and in case of an accident at the workplace, they will receive 90% of their regular wages, capped at BGN 2,600.
New mothers are entitled to up to 410 days of paid maternity leave at 90 percent of the mother's salary, 45 days of which must be taken prior to the birth of the child.
New fathers are entitled to 15 days leave paid at 90% rate.
Until a child is two years of age, mothers are entitled to take leave at minimum salary. Both fathers and grandparents are eligible to take this leave in place of mother if necessary.
Full Time employment is considered 40 hours weekly, and 8 hours daily.
Overtime cannot exceed: - 140 hours annually - 30 hours monthly (or 20 night hours) - 6 hours daily (or 4 night hours) Overtime pay is paid at: - 150% on working days - 175% on holidays - 200% on public holidays
20% standard rate.
The pension system in Bulgeria has three pillars: 1. PAYG system (mandetory): 6.22% contrbituion by both employer and employee 2. Capital funded pension scheme & professional pension scheme (mandetory): 7.3% contribution by both employer and employee 3. Voluntary pension funds
Employers contribute 14.12% - 14.82% of workers wages (range varies depending on contributions to accident at work and occupational illness fund). Employees contribute 10.58% of their salary
Salaries are paid on monthly basis. Payday is agreed between the employer and employee.
Employer must provide employee with a month written notice regarding the termination. Notice period can be up to 3 months if stated in contractual agreement.
Workers on indefinite contracts must provide at least 1 months notice, but can be as much as 3 months by contractual agreement. Workers on fixed term contracts must provide 3 months notice.
Employees are entitled to a severance pay of their one month’s average salary.