ZUS will owe pension funds zl. 2 billion by year's end

The presidents of the Polish Pension Funds (PTE) warn there is little chance the funds will receive the budgeted money from the Social Insurance Company (ZUS). According to this year's budget open pension funds were to receive zl. 11 billion from ZUS. But the current rate of ZUS contributions to pension funds added to the zl. 900 million ZUS debt from last year will probably yield a total debt of more than zl. 1.8 billion which will reach zl. 2 billion after interest is added. As of July 17 ZUS transferred zl. 3.9 billion and to meet the budget would have to pay its financial dues at the rate of zl. 1 billion per month. Assuming the pension funds keep their capital investments at the level of about 30%, this would provide the Warsaw Stock Exchange (WSE) with an additional zl. 280 million a month. (Parkiet, page 7) P.S.