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The Warsaw Voice » Business » January 8, 2018
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Labor market analysis
January 8, 2018   
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Polish labor market is yet to see the final outcome of lowering the retirement age, with the exact number of people who decided to retire under the new regulations to be known at end-Q1 or even end-H1 2018, Pekao's chief economist Marcin Mrowiec comments for the daily Puls Biznesu.
Rising wages and growing demand for labor may successfully prevent those entitled to retirement from leaving work, the expert adds. The government might still find it difficult to finance the growing number of pension benefits and might eventually transfer all the money from OFE pension funds to the demographic reserve fund managed by the social insurer ZUS in order to make ends meet, Plus Bank's chief economist Wiktor Wojciechowski tells the daily Gazeta Wyborcza.
It was the reduction of the retirement age that made the government come up with the idea of liquidating the social insurance contribution limit in the case of employees earning more than PLN 10,000 (gross) per month, Wojciechowski believes
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