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"Strong concern" about costs of retirement age cut
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.