At the beginning of March of this year, the head of the Social Insurance Institution A. Gertruda Uczeska reported that the lowest pension paid by ZUS is 0.03 PLN. The winner of this infamous place was just overtaken by someone who gets 1 rouge a month.
These lower pensions are given to people who have worked for a very short time and thus have accumulated little capital. The retiree in the example worked one day.
What does the pension amount depend on?
The length of the subscription period is of great importance to the amount of future benefit. The longer we work, the longer we pay our contributions to the system and the longer our pension will be. The Polish system does not make retirement conditional on raising some minimum capital. It is only important to reach the retirement age: 60 for women and 65 for men. Therefore, it may happen that a person who has paid two or three zlotys pension contributions throughout his life will retire.
Processing cash benefits costs more than the pension itself. You have to keep records of your pension, and pay the postman for delivery or the bank for the transfer. There is no economic justification for this. Therefore, the words of the head of the ZUS are not surprised that “you should think about introducing a minimum level of seniority that will qualify you for a pension.”
This would be new – until now, experts have instead asserted that a system should be introduced in which monthly benefits are paid provided they reach a certain minimum. Otherwise, the accrual will be paid as a one-time payment throughout the year.
Working longer is a higher benefit
Since the amount of an old-age pension is directly related to deferred contributions, the recipe for a satisfactory (or fully satisfactory) pension is the replacement rate, that is, the ratio of accrual to the last paycheck, which is constantly decreasing. Each subsequent year of contribution increases the amount of the old-age pension. The United Right announced that there will be tools in the Polish Lada to activate the elderly and encourage them to expand their professional activity.
The president is working on an internship pension project
Pensions, that is, the possibility of termination of professional activity after working for a certain number of years, do not fit into the incentives to work for a longer period. Such a solution does not exist in the Polish system, but Andre Duda He promised to present it in both electoral campaigns. He did not return to it during his first term, but when pressured by some unions, he forced his officials to prepare a draft of the bylaws.
The form of the project is still important, but a few days ago he completed a consultation with the ZUS. According to Gazeta Wiburxa, the president held consultations with the professor. Gertruda Uścińska, there were conditions that employees must meet in order to benefit from the new regulation. Compromise proposals emerged, such as the minimum age for an insured person – 55 for women and 60 for men.
Training pensions are under arrangement, but one thing is for sure: they will be low benefits ستكون
A woman must prove a subscription period of 35 years, and a man – 40 years. The second option is also considered: 45 years of the subscription period regardless of gender. The next rule will be the capital raised by the employee, which will allow to pay at least 120 percent. The minimum pension currently totals about 1,500 PLN.
Recipients of internship pensions will be able to obtain old-age pensioner status early. It is good that they earned a lot during their working years, paid high contributions and had special savings programs. Even worse, if they receive an average – because this leads to the risk of joining the group of pensioners who do not receive even the minimum pension.
Work experience pensions. What are they and will we ever see them?