OFE to transfer PLN 7.74 bln to ZUS in 2018

Private pension funds OFE will transfer PLN 7.74 billion to the Social Security fund ZUS under the pre-retirement asset shift next year and will receive PLN 3.27 billion in transfers from ZUS, according to ZUS financial plan for next year.

This year, the value of OFE funds transferred to ZUS will reach PLN 5.08 billion.

Under the Polish law, each OFE member has their assets transferred to ZUS over the 10-year pre-retirement period, with the latter handling eventual benefit payments. This mechanism was introduced to protect pension savers against fluctuations on the capital markets.

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