Poland awaits a pensions boost

Poland is about to force large numbers of its citizens to make private pension contributions. That should boost its capital markets. Peter Bennet reports

A SUPPLEMENT TO EUROMONEY/APRIL 1999: EASTERN EUROPE

Poland’s pension plans have been on and off more times than a light switch in the past three or four years. Now the scheme is up and running and in May the first zlotys will start dropping into the coffers of the 16 pension fund companies formed to manage Poland’s new private pension scheme.

It consists of three parts. The existing pay-as-you-go system stays as it is for those aged over 50.

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