Free transfer is second chance to choose pension funds

The spring of 2001 will likely be a time of renewed promotional activity of pension funds, as most pension fund members will become eligible to switch funds without paying a penalty fee. According to some analysts, as many as three million Poles could decide to transfer from their current pension fund to another. The current fee for changing a fund can reach as much as zl.200. However, after two years of membership, a person will only have to pay a transfer fee of around zl.30. Since the pension funds have been in operation for two years already, people will have one more selection criterion not available back in 1999, namely how effectively the funds have been investing their premiums. (Puls Biznesu, p.10)