Kerm oaks accepted the recommendation to transfer 75% of funds from pension funds into private accounts – Money.pl

Moscow, 22.12.2016 (“war and peace Economic Committee of the Council of Ministers (kerm oaks) was recommended by the reception of the Council of Ministers to the Saeima concerning the effect of laws relating to the operation of the social security system along with suggested changes. In accordance with the recommendations of the document, 25% of the funds collected in Open Pension Funds (OPF) has to be transferred into the Reserve Fund the Demographic situation, and 75% of assets in individual retirement accounts in the framework of the third pillar.

“Our proposal seeks to ensure that a large part of the funds accumulated in pension funds is found in the individual pension accounts of Poles, supporting, thus, their personal savings on the autumn of life. We also want to developed our solutions to the extent possible, worked for the good development of the Polish economy”, – said the Chairman of kerm oaks Matthew Morawiecki, quoted in a statement published on the Ministry of Finance.

in Accordance with dwuhlopastny recommendations of the document, 25% of the funds accumulated in pension funds could be transferred to the Demographic Reserve Fund, and their value zewidencjonowana on subkontach the ongoing social insurance. The remaining 75% of the assets will be transferred to management through investment funds, which may arise from the conversion of the existing BCP. These funds are held in individual pension accounts in the framework of the third pillar, are also given.

“recommended to the Council of Ministers indicated the need for the creation of universal voluntary work programs equity, in the framework of the III component of the pension system, based on automatic retain employees. To serve-this will be the development of the voluntary funded system of economy in Poland, and long-term investment products”, – is spoken further.

As reported by MF in the message, the concept is to meet the need for adjustment of the model of functioning of pension funds and strengthening their overall retirement programs, capital what actions were specified in the Strategy in favor of Responsible Development, as well as developed in the Program of capital Construction.

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