Paul Boris: We want to build equity Poles – SE.pl

– So Poles regain the money they invested earlier in the third pillar.

– Yes. If the participant is OFE, which has 5 thousand in the account is 75 percent. of this amount trafiłoby on his or her individual retirement account. OFE would be transformed into an open investment fund.

– Some of the money from the OPF is to be allocated to the Demographic Reserve Fund. Experience shows that the money from the Fund are held as needed government picked up and spent on current consumption.

– If this proposal lies in the fact that the money taken from the OPF to ZUS or to the budget, then I would agree with your doubts. In the event of the 2014 years of OFE money went to the Social Insurance Institution. Then they were issued for current purposes. Now, instead, the money from open pension funds are credited to the Demographic Reserve Fund, which has statutory limitations associated with the disposal of money. As a result, there is greater security that the money will not be przejedzone. This creates a real financial buffer, in order to pay future pensions.

– Can you guarantee our readers that they can be confident about the money that accumulated in pension funds.

– I’m not the right person to make such a declaration. In contrast, I believe in our country, that may be strong enough institutionally to ensure that funds from the OFE, which will go to the Demographic Reserve Fund, were allocated in accordance with a purpose. To secure future pensions payments, and then professionally invested for the benefit of the economy.

– Are there plans to transform OFE or complete their extinction?

– According to political declarations is planned transformation of OFE investment funds. But the presented plan of capital construction is not only focused on this. Most of the presentation of the Deputy Prime Minister Morawiecki comes to the construction of a large program, the third pillar of pension saving and attractive for investment products. I think of the employee pension plans. Would operate under the name of Employee Equity Plans, where the employer automatically would open such plans for all employees, who, however, could within three months to make a decision about the resignation. Part of the pension contribution would pay the employer and another employee. You finansowałoby 30 percent. in the form of fiscal incentives and the Labour Fund. We estimate that we have a chance then create a system in which 5.5 million people participated. This system will provide real impact of new savings and investment to the Polish economy. This will benefit the Polish stock exchange. Now there is a good impulse and inflow of funds to the Polish capital market. If you create a universal Pillar III based on the programs, employee and individual pension programs, it is estimated that the total of the Polish economy for two or three years could be at the impact of new investments in the amount of several billion zł.

– In addition to the reform of the third pillar you have any other suggestions that will improve the state of the Polish economy?

– The Ministry of Development submitted a number of proposals, how to build the capital of the Poles. Among others we want to introduce a new form of savings in the form of public real estate funds, which would provide a steady income.

See: Peter Wawrzyk: President devoted little attention to the opposition