ZUS records debts of zl. 1.6 billion even though collection rates are high

ZUS records debts of zl. 1.6 billion even though collection rates are high The Social Insurance Company (ZUS) is reporting debts totalling zl. 1.6 billion at the moment due to a zl. 490 million loan it took from the Treasury this month and additional credits from commercial banks. It was hoping to avoid taking loans by applying for a zl. 820 million subsidy from the Finance Ministry but that request was rejected. It is estimated ZUS is collecting 97.1% of premiums. In September it collected zl. 5.6 billion. The debts are due mainly to ZUS' miscalculation of money to transfer to Patients' Funds. It projected the Funds should obtain about zl. 9.7 billion this year. It is clear now this figure will be no less than zl. 10.3 billion. Pension funds have received more than zl. 7.8 billion from ZUS already. ZUS president Leslaw Gajek also said ZUS will not finish calculating the precise amounts of those with accounts until September 2001. (Puls Biznesu, page 6)