Deputy Mateusz Morawiecki would like to revive the third pension pillar, where today on a voluntary basis, we can put money in old age. It proposes the introduction of domyślności. In practice this would mean that the employer zapisywałby all employees an occupational pension scheme or shed part of their salary to the Individual Pension Accounts or Individual Retirement Account Security. Each employee could however change this decision and make another selection or even cancel the save. This reversal principle that works today and according to which we must manifest initiative, if we want to secure additional benefits after work. The current system works poorly. The third pillar joined a few people. With IKE and IKZE including benefited nearly half a million people. This is one tenth of the labor force, but many of these accounts in the last year did not affect either buck.
The arguments in favor of introducing domyślności third pillar three. Firstly, the pension from ZUS (or possibly also from OFE) will be low. Assumptions of the 1999 reform. Were however such that the payment of the third pillar, were complementary to the provision of state. The second argument is the lack of knowledge among employees about the benefits of saving for old age. Thirdly, the increase in the number of people odkładających money would be beneficial for the economy as a whole – would increase the overall savings rate, which would enable us to invest more and grow faster.
– The idea is good. If we want to build long-term savings, not do without such a solution – says Małgorzata Rusewicz of the Chamber of Pension Funds.
Mixed feelings have for financial spokesperson Alexander Wiktorow.
– on the one hand, it is obvious that the additional saving for retirement is necessary, but on the other change in the rules will be treated as the introduction of additional compulsory fees, which could discourage rather than encourage – he says.
default principle would come into force early next year.
One of the main objectives of the ‘Plan for responsible development “, which took government support for the building of long-term savings of Poles. – Many people say: we will save more when we earn more. But wealth also comes from small savings – said yesterday Deputy Minister Jerzy development Kwieciński during a meeting of experts at the headquarters of the Employers of Poland. Today people prefer to spend. According to the data on the IRA in 2015. Although there are over 850 thousand. such accounts, only 260 thousand. made in the last year of payment.
Payment of contributions to the third pillar will increase our future retirement. But as far as it will raise it depends on us – and exactly the height of the payments. Experts readying pension reform estimated that effective deposition will keep the replacement rate, ie the ratio of the first pension to the last salary similar to today’s. The contribution transferred to the first and second pillar is to give the best service in the case of just over 40 percent. the last salary. For most retirees will be lower. Draining contributions to the third pillar is to allow the replacement rate closer to 50 percent. the last fencing.
default principle, to write to the third pillar may be just one element of its gain. And there is no certainty that effective. Paul Majtkowski, an independent financial analyst, draws attention to the hook, which is associated with the presumption of participation. In his opinion, certainly in the short term to improve the statistics, but in the long run may fail.
– Poles know how to count. If you recognize that something will not be beneficial for them, it will not stop them here. Such automatic saving to occupational pension schemes would be the action of the publicity. The idea is associated with virtually forced transfer of the insured from the OPF to ZUS – indicates Majtkowski.
Jaroslaw Sadowski Expander adds that the average Joe shun sophisticated investment products, and profit from simple bank deposits is short. It makes our propensity to save is too low. Therefore, according to Sadowski increasing the number of participants in the third pillar of administrative methods is pointless.
– There is a risk that the final result, which can be achieved, will increase the number of dead accounts – notes.
Therefore, according to experts needed are two elements. The first is education. According to the spokesman of the financial Alexandra Wiktorow problem is the low knowledge of Poles about the pension system and the reality of future pensions and flowing away carefree. The second condition is the development of the system of forms of saving. Currently, the third pillar is dominated by three forms: IKE, IKZE and occupational pension schemes. What PPE lead just over a thousand employers and in them is approx. 300 thousand. people. In total, the number of Poles in the third pillar does not exceed 2 million. Another question: if not strongly support an additional saving for retirement from the budget? Today IKE and IKZE are supported by relief. When IKE are exempt from taxation in the future payment of pensions and at IKZE amount paid to the amount of 4866 zł. There were proposals to introduce eg. Relief the release of tax contribution to the third pillar to a greater extent. Against this is Alexander Wiktorow. – It prefers richer, and our point is that spared those whose pension will be low – explains. Confronting such a solution can also be finance minister, because it means lower revenue for the budget.
Jaroslaw Sadowski also points out that the problem with low involvement in the third pillar stems from poor promotional campaign. According to him, we do not know with which products we have to do.
– For banks or investment funds offer is a low-margin, so do not spend too many resources on marketing. There is a lack of aggressive action that would show the benefits of investing here and the risks associated with staying on a system of compulsory insurance. If the government got involved in the promotion, it can bring results – highlights Sadowski.
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