ZUS transfers PLN 1.2 mln to OFEs this week

Social Insurance Board (ZUS) transferred PLN 1.2 million to the open pension funds (OFE) this week. This was the first transfer of the month. So far this year transfers have reached PLN 2.71 billion. Last year, ZUS transferred PLN 2.88 billion to OFEs. Poland has been transferring a portion of the Poles social security premium to their private pension fund accounts since 1999.