60 for women and 65 for men – president Andrzej Duda will sign the draft of a bill lowering the pension age. Although, at first glance women could be expected to benefit from it, in financial terms their perspectives are much worse than those of men. In an extreme scenario, the best-earning women will only get a pension 36.5 percent lower.
The solution included in the draft is a right to pension, meaning that after reaching the specified age, citizens will be allowed to decide whether to retire or continue working – as the latter will be beneficial economically.
The Chancellary of the President estimates the costs at 40 bln PLN, as stated by Minister Anna Surówka-Pasek.
What will be the impact of these changes on the sum of the pension? This is of key importance, considering that the reform is built on the assumption that people would be willing to retire, thus creating openings in the job market. So, is the lower pension age as attractive as it is made out to be?
– Pensions received by women would drop by ca. 40 percent. With the pension age set at 60, pensions received by women born in the 80’s would only be as high as ca. 18 percent of their last wage – explains Łukasz Kozłowski, expert of Employers of Poland for socioeconomic affairs.
– Passing this draft before the end of this term is not possible. A new one will have to be filed after the elections anyway – assesses Kozłowski.
– Poland’s catastrophic demographic condition means that increasing the pension age is an inescapable necessity. We may only choose whether to do it now – in a milder way and in advance – or rapidly, in a forced situation created by a deep crisis in public finances – summarizes the expert of Employers of Poland.
The article is available here.