PKPP drafts bill for better pension fund management

PKPP is drafting a bill regarding capital pension payouts, the foundations of which will be discussed with a Tripartite Committee on Wednesday. "The system should be as cheap as possible. While ZUS [Social Insurance Office] does not guarantee that," said Marek Góra, one of the authors of pension reform in Poland. In this way pension funds would compete with the level of future pension and would not have to designate enormous amounts for promotion. Individual offers would be presented by ZUS and an insured person would choose a pension fund on its own. Lewiatan also proposed that the Office would be vested with an obligation to pay out pensions, while the act would strictly define in what way the funds of pensioners-to-be would be invested. (Rzeczpospolita, pp. A1, B1) M.M.