President Andrzej Duda has fulfilled his election promise and submitted the act on lowering the pension age to Sejm. Most Poles are delighted that they will not have to work so long. However, they are not aware that their children wil have to pay for this gift.
An average pension in ZUS is ca. 2.1 thousand PLN gross – ca. 50 percent of the average wage. However, if we consider what pensioners and employees actually have at their disposal, the pension is equivalent to over 60 percent of the average wage. Even if the pension age passed by PO-PSL would be kept in place, the average wage/pension ratio would be increasingly unfavourable for pensioners. Last year, the European Commission estimated that in 2060, the average pension will be the equivalent of 29 percent of the average gross wage. If the previous pension age is reinstated, it will reach this level quicker, as two phenomena will converge – longer lifespan and shorter job activity (an, in turn, less contributions). Currently, Poles retire right after they gain the right to do so – either willingly or as a result of a decision made by their employer (eg. due to reductions).
– If life expectancy continues to grow, the problem of dwindling pension benefit sums will be far more pressing that the shortage of funds in FUS itself – explains Łukasz Kozłowski, expert of Employers of Poland. More and more people will get the lowest available pension which will start to resemble a citizen pension – a guaranteed minimum.