ZUS improves social security premium transfer to pension funds in January

The Social Insurance Company (ZUS) has been transferring premiums to pension funds on schedule in January, meaning that the amount of money it owes the funds is no longer rising. Each month ZUS is supposed to transfer an appropriate portion of social security premiums it collects from employers and employees to pension funds in which the employees have enrolled. However, until now ZUS has been transferring less money than required, meaning that its liabilities to the funds kept rising. January has been a breakthrough month in which liabilities not only did not increase, but ZUS started to pay them back. “This could be a sign of ZUS coming out in the clear. If [ZUS transfers this much in premiums] in February and March also, we can be talking about an improvement,” said Tomasz Frontczak, president of the AIG pension fund. ZUS spokesperson Anna Warchol said that it plans to pay back all liabilities to pension funds this year. (Puls Biznesu, p.9) T.J.