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- W4210664093 abstract "In 1999 Poland introduced paradigmatic pension reform and switched from a defined benefit PAYG system into a defined contribution multi-pillar system with a mandatory funded element. But the unfinished legislation process and fiscal pressure have led to substantial changes in the reform plan. The mandatory funded pillar has been substantially reduced, then became voluntary and finally will be terminated. This is how political risk affected mandatory pension funds. The voluntary occupational and individual elements of the system have not developed well. Hence, the new workplace pension plans based on the auto-enrolment have been introduced (PPK) since mid-2019. Despite many changes, the core of the Polish pension reform - the DC formula - has remained unchanged. However, it poses a threat of pension inadequacy especially for women. Moreover, it is important to restore the Poles trust in the pension system and its funded components. This is the prerequsition for a long-lasting and stable system of additional old-age savings in Poland." @default.
- W4210664093 created "2022-02-08" @default.
- W4210664093 creator A5064460661 @default.
- W4210664093 date "2022-01-18" @default.
- W4210664093 modified "2023-10-02" @default.
- W4210664093 title "Poland: A pension system under constant (re)construction" @default.
- W4210664093 doi "https://doi.org/10.4337/9781800372986.00017" @default.
- W4210664093 hasPublicationYear "2022" @default.
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