Labor Ministry: 424k pension applications filed

According to the Ministry of Labor, some 424k pension application applications have been filed in September to the Social Security fund (ZUS), resulting from lowering the retirement age which came into force in October last year. “The impact of the lower retirement age was not as strong as initially estimated,” Labor Minister Elżbieta Rafalska said.

“I emphasize that it is the number of applications, not the decisions issued, you cannot put an equality sign here,” she explained, adding that 173,000 applications were submitted by professionally active people and it is not known how many will decide to terminate their employment contract and retire.

Out of the 424k figure, 134k applicants already receive benefits such as pre-retirement and pensions, additionally 120k applicants were registered in their local labor offices and benefited from social assistance without paying any premiums. “See how many people who benefited from the restoration of the retirement age were completely excluded from the labor market,” Rafalska added.

ZUS estimated that by the end of the year, up to 331k will take advantage of the lower retirement age.

Back in December last year, Poland lowered the retirement age to 60 for women and 65 for men, from the previous 67 for both sexes. The new law came into force on October 1.

Pin It