Duda proposes law on lowering retirement age

The Polish president, Andrzej Duda, has proposed a law that would reduce retirement age for women down to 60 and for men to 65 years of age. He wants to make sure that people who are willing and able to work will have the possibility to continue doing so. Duda announced at a press conference that "according to my promise, I have proposed a change in the law concerning retirement age. For me its signing was  a deal with society." The project will now be passed to the Sejm. Let us be reminded however that returning to the old retirement age system will cost the PLN 400 billion from the budget, government spokesman Cezary Tomczyk informed on Monday. Moreover, the real amount of pensions for men will be reduced by 20 percent and for women by 70 percent due to such a change.