Reversal of the Pension Reform in Poland
Reversal of the Pension Reform in Poland

Summary/Abstract: The pension system and pension funds are important elements of the economic system. Their functioning is analysed not only by lawyers and economists but also by employers, employees and politicians. The relationship between the pension system and the fiscal system is important for every country since the standard of living but also the functioning of the labour market is strongly affected by the level of pension contributions. The paper presents the evaluation of the relationship between recent legal changes in and functioning of Open Pension Funds in Poland. The results of performed analysis show that the legal changes introduced in 2011-2014 lead to slow reversal of the capital part of the Polish pension system.

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