Pension Problems

Safe?

Safe?

Even the most pessimistic predictions did not envisage so few people wanting to remain in the old pension funds. April/May is the halfway point regarding the deadline until when people can declare whether they wish to remain in the old pension system in Poland. Only 1%, that is less than 145,000, has decided to stay in the open pension fund (OFE). It is easy to calculate that at this rate, by the end of July less than 300,000 people will wish to stay in OFE. Embarrasingly, the government predicted that about 20-30% will stay in OFE, not to mention independent experts who put the figure at 50%.
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