We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Society » November 24, 2017
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
"Strong concern" about costs of retirement age cut
November 24, 2017   
Article's tools:

El¿bieta Rafalska
Poland is facing a higher number of retirement applications in relation to the retirement age reduction than 331,000 it had anticipated with potentially as many as 410,000 people retiring this year, Dziennik Gazeta Prawna daily writes, citing latest estimates from social insurance board ZUS.
ZUS has so far received 336.600 such motions and the number will certainly rise before end-year as ZUS keeps receiving 1.2-2000 motions daily. Cost of retirement age cut "raise strong concern," a government insider told the daily. ZUS head mentioned up to over PLN 50 billion cost over four years, the individual said.
Poland had estimated costs of the lower retirement age at PLN 2-3 billion this year and over PLN 9 billion in 2018, the daily reminds. The finance ministry could thus be more inclined to revisit the idea of offering Poles incentives to retire later, according to the daily.
The Labor Minister Elzbieta Rafalska, on the other hand, points out that the number of motions does not translate 1:1 into the number of pension benefits paid. Moreover, most of the applicants were not active on the labor market, thus there is no point in discussing incentives for the time being, a labor ministry insider told the daily.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE