Poland restructures its pension system

Advised by the World Bank, Poland is reforming its pension system. If successful, the new pension structure could become a model for Western Europe. Isabel Vallejo reports

EXCLUSIVE

Poland’s strong economic fundamentals have allowed it to withstand the crisis in emerging markets and by September emerging markets investors were overweighing Poland in their portfolios. The crisis allowed Poland to differentiate itself from its neighbours.

As part of its transformation into a strong independent economy, Poland is restructuring its pension system. The country is switching from defined benefit to defined contribution pension schemes. The Social Security Office (known as ZUS by its Polish acronym) is being completely restructured.

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