Polish Finance Minister Jacek Rostowski says that Poland’s pension system reforms are fundamentally “broke”. The government will now make a thorough review of the reforms.

The minister underlines that nothing has been decided yet. In the newspaper Rzeczpospolita Rostowski is cited for saying: “Not only is the intellectual foundation of the system broke but also its political and moral foundation”..

The Labour Ministry proposed a gradual shift of state-guaranteed private pension fund (OFE) assets to the state social-security system for those retiring within at least 10 years. But Finance Minister Rostowski is now saying that a much broader review of the system is now under way.

Source: Polskie Radio - Peter Gentle

http://www.thenews.pl/1/12/Artykul/134219,Polands-pension-system-broke-says-finance-minister

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Poland’s pension system is ‘broke’ says Finance Minister

Polish Finance Minister Jacek Rostowski says that Poland’s pension system reforms are fundamentally “broke”. The government will now make a thorough review of the reforms.