The Polish NDC Scheme : Success in the Face of Adversity

Buchholtz, Sonia ; Chłon-Domincza, Agnieszka ; Gó ; ra, Marek

World Bank, Washington, DC

关键词: PENSIONS;    PENSION REFORM;    AGING;    EARLY RETIREMENT;    NONFINANCIAL DEFINED CONTRIBUTIONS;   

RP-ID  :  136550

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Poland’s pension system faces multiplechallenges, including accelerating population aging. Earlyretirement policy aimed at mitigating mass exit from thelabor market led to the rise of pension system economicdependency. Transition to a nonfinancial and financialdefined contribution (NDC plus FDC) system in 1999 mitigatedthe fiscal risk and an unfair balance of interest betweenthe working and retired generations. The new systemseparated the income allocation and redistribution. Theretirement age was raised. However, the implementation ofthe new system is a case study of misuse for currentpolitical goals, ad hoc tweaks, and unfinished topics. Yetthe 1999 pension reform met its goals.