ZUS transfers PLN 211 mln to OFE funds
18:58
Poland's Social Insurance Board (ZUS) has reported its transfer of PLN 211.03 million to the nation's private pension funds (OFE) in the third weekly transfer in March.
In total in 2016, OFE received PLN 710.08 million, including PLN 239.01 million in March, whereas an average premiums equaled only PLN 68.35.
In 2015, ZUS transferred PLN 2.56 billion to the OFE fund.
Poland has been transferring a portion of the social security premium of younger workers to their private pension fund accounts since 1999, when the system was partially privatized.
