Social Insurance Administration Project (SIAP)

closed

Closed

The Social Insurance Administration Project aims to support the government's current reform program goals of eliminating the social insurance budgetary subsidy through fiscal balance achievement and laying the groundwork for future reforms aimed at a fundamental restructuring of Bulgaria's system for guaranteeing income security. Therefore, the project will: a) strengthen efforts to increase the National Social Security Insitute's (NSSI) overall operational efficiency in the emerging market economy, focusing on reversing the reduced tax compliance trend which is undermining the financial stability of the public Pay-As-You-Go social insurance program; and b) strengthening the NSSI to perform key policy formulation and evaluation functions and better manage available resources. The first component is increasing compliance and operational efficiency. This will institute effective operational procedures for inter alia: a) control and monitoring of fund flow into and out of the social insurance system; b) improved revenue/ expenditure projection and benefit calculation on an actual contribution basis; and c) improved services to clients, including efficient payment of pensions and short term benefits. The second major component is strengthening Institutional capacity by: a) policy analysis; b) actuarial forecasting; c) public information/ education concerning the social insurance program and d) personnel management including improvements in staff selection, incentives, training and career development. The project will be implemented over a period of four years.

FY17 - Social Protection

World Bank Group

Project

Government, Education