More than 2.5 mln Poles chose private pension funds

The number of Poles who have decided to divide their pension contributions between the Social Insurance Institution (ZUS) and private pension funds (OFEs) totals 2.56 million, ZUS said on Monday, summing up more than two weeks of counting. Following a pension system reform, Poles were entitled to a choice between sending all of their pension contributions in ZUS or  leaving part of them in OFEs. The deadline was July 31, but if the declaration was sent by post, it was the date on the stamp that was decisive. As of the end of May OFEs had 16.70 million members. The number of declarations stands for only above 15 percent of that figure.