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The Warsaw Voice » Business » November 3, 2017
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New social insurance bill hits employers
November 3, 2017   
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Polish employers will bear the brunt of the government-proposed change to the social insurance bill lifting the cap on the contribution for the old-age and disability pension insurances, experts comment for the daily Puls Biznesu.
An employer's financial burden will exceed that of an employee by almost 2.5 times, chief economist of the employers' lobby Pracodawcy RP Lukasz Kozlowski says. The new law, assumed to take effect as of January 2018, will hit high earners and might make companies mull managerial salary cuts, Kozlowski speculates.
Employers may abstain from pay rises, but are rather unlikely to trim the remuneration of their most valued personnel in the demanding circumstances of an employee's job market, the Societe General chief economist Jaroslaw Janecki contests.
The high earners might take the planned hike in premiums quite lightly as it ultimately boils down to higher pension, the mBank chief economist Ernest Pytlarczyk adds.
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