Chairperson of the MB of the Bulgarian Association of Supplementary Pension Security Companies

Since 1998, Nikola Abadjiev (Ph.D.) has been a chairperson of the Bulgarian Association of Supplementary Pension Security Companies (BASPSC) – an organization representing all providers of supplementary retirement schemes in Bulgaria.

Mr. Abadjiev’s main professional interests and experience are in the area of social policy and financial analyses, economics, organization of labor and social security, implementation and development of modern pension systems, establishment and governance of funded pension schemes. He has specialized in and studied the experience of different countries, among which Sweden, France, USA, Germany, Belgium, the Netherlands, Chile, the Czech Republic, Hungary, Poland, etc. He acquired his Ph.D. in Economics in 1980.

In 1994, Nikola Abadjiev founded one of the first private pension companies in Bulgaria /PF Sila/ and remained its CEO until 2000. In 2001 he was appointed Director of the General and Financial Control Directorate in the newly established State Agency for Social Security Supervision /at present – the Financial Supervision Commission/.

Mr. Abadjiev has been an active contributor to different international organizations and forums, incl. the international organization PensionsEurope; he is a founder and member of the Sofia Ad-hoc Group of CEE Pension Fund Associations /2006/. He has managed and participated in numerous international projects in the area of retirement provision, and has authored scientific and popular publications on social security and pension reform.

Nikola Abadjiev was a member of the National Working Group /1997–2000/ that drafted the Bulgarian pension reform strategy and legislation and planned the introduction of the three-pillar pension model. As a social security expert and long-term chair of BASPSC, he took part in the drafting, consultations, enactment and implementation of the legal amendments and practical changes regarding the administration of funded pension schemes in Bulgaria and the subsequent development of the country’s pension system. In recognition of the above, in 2011 he was awarded the prize of Prof. Dr. Velislav Gavriysky Foundation for Outstanding Contribution to the Bulgarian Social Security System.