Public retirement pension systems were originally developed in Europe in the late 19th century. However, in the 21st century demographic trends are putting the pension systems under threat.
The IMF is calling on the Ukrainian government to patch the gigantic hole in the retirement system, however, Kiev is refusing to raise the retirement age and offers other solutions.
The Polish Development Fund will be a development bank, its goal is to fill the market gaps in financing ‒ says Paweł Borys, the President of the Management Board of the Polish Development Fund.
The number of children and youth is for the first time the same as the number of pensioners in Poland. Both groups were 7 million strong in December 2013, according the preliminary reports of Poland’s Central Statistics Agency....
The reform of the pension system will only decrease the cost of debt servicing and the cost of refunding contributions – a total of PLN 9 billion. The government will not spend any more, as it pursues fiscal consolidation...
The programme extending the paid parent leave is to cost taxpayers PLN 2 billion. If all eligible parents were to participate, the figure should amount to as much as PLN 5.2 billion. However, already while drafting the programme,...
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,...
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...