Chapter

Poland

Jerzy Hausner

in Social Security Pension Reform in Europe

Published by University of Chicago Press

Published in print January 2002 | ISBN: 9780226241081
Published online February 2013 | e-ISBN: 9780226241913 | DOI: http://dx.doi.org/10.7208/chicago/9780226241913.003.0013
Poland

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This chapter discusses pension reform in Poland. The program for pension system reform was launched at the beginning of 1997, and emphasized that pension reform must combine a first, pay-as-you-go pillar; a second, mandatory, fully funded pillar; and a third, voluntary, funded pillar. Currently, the main problem with pension reform in Poland is the organizational inefficiency of the Social Insurance Institution and the fact that this institution has failed to set up a comprehensive, computerized information system. The first and second pillars cannot operate without such a system, since it would be impossible to maintain individual accounts. The pension companies estimate that by the end of 1999 the Social Insurance Institution had transferred barely 50 percent of contributions to them, and that about 40 percent of members' accounts are dormant (i.e., not a single contribution has been paid in).

Keywords: pay-as-you-go pillar; pension reform; pay-as-you-go system; Poland; funded pillar; Social Insurance Institution

Chapter.  6246 words.  Illustrated.

Subjects: Public Economics

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