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Lower retirement age to cost Poland PLN 54 bln – ZUS head

According to Social Security fund (ZUS) President Gertruda Uścińska the cost Poland will bear between 2017-2021 for lowering retirement age will reach PLN 54 billion. “We’ve analyzed how similar changes to the law in the past affected workers, and we’ve calculated that 82 percent of those able to re...

Morav\wiecki: 80-83% of older workers will retire earlier

According to Deputy PM Mateusz Morawiecki, 80-83 percent of eligible workers will take an advantage of the lower retirement age coming into force on October 1. He added that according to the assumptions, this year the cost of early retirement age will amount to PLN 2.6 billion.

80k people to take advantage of lower retirement age in Q4 – NBP...

As many as 80k people will retire in Q4 due to the recently lowered retirement age, deputy director at Poland’s Central Bank (NBP) Jacek Kotłowski said. “The number of people who will receive benefits in Q4 is slightly over 200,000 people, but we will lose about 80,000. The rest will either take ben...

Lowering the retirement age will cost Poland PLN 10 bln next year

According to the deputy minister of finance Leszek Skiba, lowering the retirement age will cost the budget as much as PLN 10 billion, which equals 0.5 percentage point of GDP. But according to Skiba this should not affect public finances. “The current expenditure rule allows us to gradually lower th...

Locked content Lowering the retirement age will cost 0.4-0.9% GDP per year EC

According to the European Commission, the cost of lowering the retirement age in Poland will cost between 0.4-0.9 percent of GDP per year till 2050. The EC claims such burden will hurt public finances. It suggests that the negative effect could be balanced out by incentives which would encourage Pol...