<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Since their establishment in 1999, the Open Pension Funds (OPFs) have comprised a mandatory capital pillar in the pension system of Poland. The paper`s objective is to analyze the principles under which the OPFs function and assess their past and anticipated future impact on the state of the country's public fnances, particularly on the public debt. The analysis also considers the past and potential effects of the OPFs existence from the point of view of future levels of old-age pension. The studies are targeted at determining the threats connected with further maintenance of the OPFs from the point of view of both public fnance stability and pension system security.</p></abstract>

Since their establishment in 1999, the Open Pension Funds (OPFs) have comprised a mandatory capital pillar in the pension system of Poland. The paper`s objective is to analyze the principles under which the OPFs function and assess their past and anticipated future impact on the state of the country's public fnances, particularly on the public debt. The analysis also considers the past and potential effects of the OPFs existence from the point of view of future levels of old-age pension. The studies are targeted at determining the threats connected with further maintenance of the OPFs from the point of view of both public fnance stability and pension system security.

Open Pension Funds in Poland: The Efects of the Pension Privatization Process

Chair of International Finance Warsaw School of Economics

International Journal of Management and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Open Pension Funds in Poland: The Efects of the Pension Privatization Process"}

Since their establishment in 1999, the Open Pension Funds (OPFs) have comprised a mandatory capital pillar in the pension system of Poland. The paper`s...

Open Pension Funds in Poland: The Efects of the Pension Privatization Process

Publié en ligne: 17 oct. 2014

Pages: 102 - 122

DOI: https://doi.org/10.2478/ijme-2014-0017

Mots clés
pension system, mandatory second pillar, open pension funds, pension reform

© 2013 Leokadia Oręziak

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Open Pension Funds in Poland: The Efects of the Pension Privatization Process

Publié en ligne: 17 oct. 2014

Pages: 102 - 122

DOI: https://doi.org/10.2478/ijme-2014-0017

Mots cléspension system, mandatory second pillar, open pension funds, pension reform

© 2013 Leokadia Oręziak

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
pension system, mandatory second pillar, open pension funds, pension reform