30th January 2012
Monday, May 21st, 2012
Bleak retirement prospects
Given that the value of Poles’ total retirement assets barely increased in 2011, the future appears dismal for Polish retirees, Rzeczpospolita reported. Poles’ total retirement assets amounted to zł.2.35 trillion in 2011, up only slightly from zł.2.26 trillion in 2010. A large portion of the savings, some zł.2.1 trillion, lies in social insurance fund (ZUS) accounts, but some economists say that the deposits are merely state promises to retirees in the future and not real money.
From Warsaw Business Journal
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Fitch praises Poland for passing pension reform
Sejm passes controversial pension reform legislation
Parliament passes pension reform, raising retirement age
Government approves retirement bill
Pension reform to harm ZUS?
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