Publication:
The Polish NDC Scheme: Success in the Face of Adversity

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dc.contributor.authorBuchholtz, Sonia
dc.contributor.authorChłon-Domincza, Agnieszka
dc.contributor.authorGóra, Marek
dc.date.accessioned2019-05-07T15:10:47Z
dc.date.available2019-05-07T15:10:47Z
dc.date.issued2019-04
dc.description.abstractPoland’s pension system faces multiple challenges, including accelerating population aging. Early retirement policy aimed at mitigating mass exit from the labor market led to the rise of pension system economic dependency. Transition to a nonfinancial and financial defined contribution (NDC plus FDC) system in 1999 mitigated the fiscal risk and an unfair balance of interest between the working and retired generations. The new system separated the income allocation and redistribution. The retirement age was raised. However, the implementation of the new system is a case study of misuse for current political goals, ad hoc tweaks, and unfinished topics. Yet the 1999 pension reform met its goals.en
dc.identifierhttp://documents.worldbank.org/curated/en/748421556879207198/The-Polish-NDC-Scheme-Success-in-the-Face-of-Adversity
dc.identifier.doi10.1596/31642
dc.identifier.urihttps://hdl.handle.net/10986/31642
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesSocial Protection and Jobs Discussion Paper,no. 1904;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPENSIONS
dc.subjectPENSION REFORM
dc.subjectAGING
dc.subjectEARLY RETIREMENT
dc.subjectNONFINANCIAL DEFINED CONTRIBUTIONS
dc.subjectDEFINED CONTRIBUTION
dc.titleThe Polish NDC Schemeen
dc.title.subtitleSuccess in the Face of Adversityen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleThe Polish NDC Scheme
okr.date.disclosure2019-05-03
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/748421556879207198/The-Polish-NDC-Scheme-Success-in-the-Face-of-Adversity
okr.guid748421556879207198
okr.identifier.doi10.1596/31642
okr.identifier.externaldocumentum090224b086d23021_2_0
okr.identifier.internaldocumentum31029646
okr.identifier.report136550
okr.importedtrueen
okr.language.supporteden
okr.region.administrativeEurope and Central Asia
okr.region.countryPoland
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.unitSocial Protection & Labor Global (GSPGL)
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