Preparing total dismantling of US. How is this related to the so-called “White Book”, the measures were still in pension funds should be divided between a reserve Fund Demographic and IKE. In practice, part will be spent on emerytalną “black day”, the rest is a “gift for the Poles” – so, at least tempts the government. Only that the Poles will not be able this gift to enjoy. In addition, it can greatly harm the Warsaw stock exchange. What reform really means for the future retiree?
it All began on 2 July. Shortly before the end of the Congress of the PiS Jaroslaw Kaczynski surprised everyone, explaining that he has an idea for the resettlement of 140 billion rubles, which remained in Open Pension Funds. He betrayed that this will be a gift to society. Although he said a bit more, it was just the beginning of the final end BKP.
Many point to the fact that he was surprised by this statement, he was Deputy Prime Minister Morawiecki, who, therefore, was called to the Board, and immediately after the weekend showed that a hastily developed plan of what to do with BKP. Already followed from it that the funds which remained in the pension funds will be divided between the Demographic Reserve Fund and the third pillar, i.e. Individual Retirement Accounts that are voluntary and do not fulfill their role. 25%. funds, and approx. 35 billion roubles are expected to appear in the FRD, and approx. 103 billion to IKE.
money in the Fund, Demographic Reserve funds for “rainy day”, should serve to ensure the payment of pensions to the current members of the CSS. The remaining 75%. this is a gift for the Poles. Given that currently counting approx. BKP 16.5 million members each, thus it will receive an average of 6.3 thousand rubles Only whether he will be able to dispose of the gift at its discretion?
the money Trap
Today, an Individual Retirement Account is an element of the third column. It is voluntary and not popular, despite the fact that saving money in IKE, you can avoid the 19% tax rate on capital gains. Last year the Poles were 858 thousand UAH. accounts of IKE, but only 269 thousand was zasilonych any money.
Today the money collected to IKE at any time you can recall. So then you will have to pay 19%. the tax on capital gains. Do not have to pay those who are going into IKE, the money wypłacą only after 60. year of life. Then also can choose a lump sum payment of all funds or payments in installments.
IKE’s plan “Manneken Pis” may be, however, quite different. According to nt. The white paper, which reached PAP, has no knowledge, like to work IKE that de facto will replace US. While we know only as much as in July betrayed Matthew Morawiecki.
Although money is transferred from BKP to IKE should be sent to us as a gift, we can only manage a quarter of this amount. The remaining 75%. must be intended for the payment of pensions in the future, and therefore we will not be able to those funds to pay earlier. Deputy Prime Minister does not want because to these measures was przejedzone.
the Great reform of the pension system stipulates that the savings in the new IKE will not be required, but will default. Deputy Prime Minister Morawiecki wants each Pole was founded to control IKE, and only at the written request may withdraw from the savings in the third pillar.
but it is Not known what the contributions will be directed to the new IKE. Whether it’s the same of 2.92%. which are now going on the BCP? If we declared how much we want to postpone? If someone already has an account IKE, he will be second, whether they related?
we Know what will happen with the Bulgarian Communist party, of which the government wants to withdraw all the funds. The plan assumes that they do not disappear completely. Polish Society of Savings, which today run the BCP have to turn the Company Investment Funds, and do have a BKP changes in investment funds Polish stock.
Or national Fund, or the exchange waiting for slaughter
– No idea how these funds in the IKE, to at least partially give in order, in pension funds, primarily stock, not cash, says Paul Cymcyk from consultancy DNA of Markets. – On individual accounts in pension funds, everyone has saved a certain number of shares, but is often fractional values. Say that has in my account recorded 9.85 shares of KGHM. It is impossible to sell only part of the shares. Funds have, therefore, sell, all promotions, to cash out these assets. And it will cause huge dips in the stock market explains Cymcyk.
- the Only reasonable scenario that I am currently able to imagine a vocation of another entity, a pension Fund that would take on all the action from all pension funds, on the basis of their own issued units, divided them between clients in accordance with their earlier series, in pension funds, only then these new units handed over for IKE, – suggests the expert.
so far, however, nothing is yet known how the government plans to solve the issue. – It is clear that perplexity. Since July, when Deputy Prime Minister Morawiecki first submitted his plan for the reconstruction of the pension system does not learn anything new and, in my opinion, these statements on the transfer of funds from pension funds in IKE does not necessarily have to be relevant today. It is seen that the government itself does not know what to do and how to conduct such an operation, adds Paul Cymcyk.
Margaret Rusewicz, President of the chamber of Commerce insurance companies, Pension emphasizes that a very important theme is also the definition of system of payment of funds from IKE. – Must be entered by law lump-sum or in installments with IKE plus and maybe the option to buy pension benefits (pension, periodic or permanent) in any enterprise, insurance companies, claims Rusewicz.
- the Legislator should limit the use of resources in IKE plus – says the Chairman of IGTE. Solution enter the limit to manage the funds within move them to other funds or strategies must act within the statutory time limit to dispose of a certain percentage of assets per year. This will provide a risk that individual elections related to the assets transferred from IKE plus will not cause a mass sell-off of shares, according to Gennady Rusewicz.
Deputy Prime Minister Morawiecki and in July, no social insurance in the review of pensions has not presented calculations, as the money raised in the new IKE will affect the size of our pensions. We know how much they should increase the changes in II pillar.
normal Retirement pension for labour
Today, roughly speaking, the pension system is social security as pillars. pillar II and IKE and IKZE and PPE as III pillar voluntary.
After changing the first pillar is the USS, which guaranteed a pension the normal low readings, which acts, at least after five years periods, with contributions from the minimum wage. Not, it can be combined with additional work, but you can suspend it from loading.
the Third principle is economy in the conduct of institutions, private, including IKE. There is still little known.
the question Remains, with the second pillar, since BCP needs to disappear? Their place will be filled by the employers who have to enter the employment program, pension funds and are paid out in the future will be “factory pension”. There will not be a specific reward, minimum, or guaranteed, and it will be paid only after reaching the General retirement age.
calculation of ZUS that in high esteem at the rate of 4 per cent. the average wage and the condition that the money will be multiplied by 3 percent. per year, and wages will rise by 2 per cent., after 25 years, the factory will amount to UAH 612, and after 40 years – 1400 rubles.
If the contribution was 7 per cent., the provision would accordingly 1068 rubles, after 25 years and 2446 roubles, after 40 years of work.
In the case of retirement for labour, in contrast, universal social security, it is possible to combine with additional work.
What will change for the future pensioner? Because of the “sprezentowania” Kowalskiemu his money, nothing will change. While the government such rhetoric just wants to win the favor of Ivanov. As the funds accumulated in pension funds were public and Kowalski couldn’t they manage by themselves, neither will IKE.
Yes, pension reforms can grow even in 2446 roubles. But this was due to the introduction of new insurance premiums to retire the plant, nobody will give anything as a gift.
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