Tag: retirement age
When adopting last year the act reducing the level of the contribution transferred to Open Pension Funds (OFEs), the government promised another amendment. It was designed to force an increase in competition between the funds, improve their efficiency and reduce management costs. The government failed to keep its promise. This may prove that OFEs are already treated as a temporary solution.
The announcement of Prime Minister Donald Tusk’s keynote address has spurred the Polish opposition into action. In early September, all opposition parties presented their ideas for the economy. They can hardly be called programmes, as they have the form of more or less haphazard proposals. Their common feature is a disregard for the economic situation in the region and for the declining power of the budget.
As far as the changes in pension system are concerned, we may learn the most from the Czechs and Slovaks. Surely, we should make every effort in order to prevent the government from nationalizing funds gathered in the second pillar. Let’s hope Warsaw will not become another Budapest, says Mateusz Guzikowski, Civil Development Forum (FOR) economist.