ZUS: 70% new pension application filed so far

As many as 283k pension applications have been filed so far to the Social Security fund (ZUS), representing 70 percent of all people entitled to retire earlier, after Poland lowered its retirement age. As many as 410k people have the right to do so until the end of this year.

Pension revaluation to reach PLN 5.4 bln in 2018 – FinMin

According to the Ministry of Development and Finance, the cost of pension revaluation will reach PLN 5.4 billion in 2018, instead of previously planned PLN 4.8 billion. “Current macroeconomic forecasts indicate that pension inflation for 2017 will amount to 102.1 percent, instead of the previously e...

Locked content Pensions only for 15 years of work or more

Poles will have the right to receive pension only if they have been working for 15 years or more, according to a list of recommendation to the pension system reform the government has been preparing in line with its campaign program, daily Gazeta Wyborcza reported. Prime Minister Beata Szydło has su...

Locked content Rafalska sums up significant changes ahead for her Ministry in 2017

The minister of Family, Work and Social policy, Elżbieta Rafalska, reminded reporters over the weekend that the minimum wage in Poland has risen, beginning January 1, 2017, and that pension changes will soon take effect as well. Minimum wages for those permanently employed will increase by 8 percent...

Locked content Pensions for farmers going up – ASIF

Poland’s Agricultural Social Insurance Fund (ASIF) announced on Thursday that the minimum pensions for retired farmers would rise from PLN 882 per month, to PLN 1,000. The president of ASIF, Adam Sekściński, made the announcement to the Polish press, indicating that the increase would be effective a...

Locked content Poland ranked 30th in Golden Age Index

Poland slumped down from 31st to 30th position in this year’s edition of the Golden Age Index ranking, professional services company PwC reported. The employment rate in the 55-64 age group in Poland is 42.5 percent (lower rates are only found in Hungary, Slovenia, Greece and Turkey), while th...

Locked content Poland behind US and RSA in global pension index

Poland ranks 15th of 25 countries included in the in the Melbourne Mercer Global Pension Index, which measures the health of the pension systems in 25 countries to assess whether they will be able to deliver adequate future provisions, the Financial Times reported. Denmark and the Netherlands are th...

Locked content Newly employed don’t choose private pension funds

Only about 10 percent of newly employed persons now decide to have part of the pension contribution sent to a chosen private pension fund (OFE), according to data quoted by daily Parkiet. In March, this year it was only true for 4,377 out of 43,703 people who took up employment for the first time. T...