Year by year, redistributive pension schemes (pay-as-you-go, PAYG) operate in more difficult conditions. As a result of the lengthening of life expectancy and the ageing of the population, successive generations of pensioners...
An elderly lady once said “we were promised a long life, but all we got is old age”. Progressing loss of independence and a sense of uselessness are a source of anguish for seniors and generate problems and costs for...
According to the report of the European Commission's Ageing Working Group, the ratio of pension expenditures in relation to GDP in Poland will not change significantly between 2016 and 2050. However, the pension replacement rates...