Published in:

1999 | OriginalPaper | Chapter

The Polish Pension System and its Problems

Author : Zofia Czepulis-Rutkowska

Published in: Transformation of Social Security: Pensions in Central-Eastern Europe

Publisher: Physica-Verlag HD

Included in: Professional Book Archive

Get Access

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

After a long-standing debate and the presentation of diverse pension reform proposals, a new pension system is now due in 1999. This will comprise the introduction of a completely new pension formula; the current defined benefit scheme will be replaced by a defined contribution one. The method of system financing will be changed. The obligatory pension pillar will be split in two, with the first pillar remaining pay-as-you-go (PAYG), as before, and the second now fully-funded.1

Springer Professional