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The Polish NDC scheme: success in the face of adversity

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dc.contributor.author Buchholtz, Sonia
dc.contributor.author Dominczak, Chlon-Agnieszka
dc.contributor.author Gora, Marek
dc.date.accessioned 2019-07-31T12:51:23Z
dc.date.available 2019-07-31T12:51:23Z
dc.date.issued 2019-07-31
dc.identifier.citation Buchholtz S., Domińczak C. A., Gora M., (2019) The Polish NDC scheme: success in the face of adversity, Roma ,INAPP, WP, n. 15 <https://oa.inapp.org/xmlui/handle/123456789/451> en_US
dc.identifier.uri https://oa.inapp.org/xmlui/handle/123456789/451
dc.description.abstract Poland’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+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_US
dc.language.iso en en_US
dc.subject Invecchiamento della popolazione en_US
dc.subject Pensionamento en_US
dc.subject Pensione en_US
dc.title The Polish NDC scheme: success in the face of adversity en_US
dc.type Working Paper en_US
dc.type.relation Working Paper;


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