It’s time for the presidential bill to go to the Sejm. What are the chances of that? The premise of the presidential project is simple: you have worked 35 years, you have worked 40 years – you retire whenever you want, regardless of your age. It is important that you have been subject to the liability for so many years – or that you paid your pension contribution to ZUS voluntarily. The last contribution was received, you have reached 35 or 40 years service, you can apply for your pension. If this regulation were to take effect before March 1, 2021, the minimum retirement pension would most likely be PLN 1,560.
We are still waiting for the president to transform his pledge into a draft bill that will go to the Sejm and be passed quickly. As time passed and the draft went back, a ready-made social draft of the law on retirement pensions was prepared and forwarded to the president along with a petition on this issue. Everyone is waiting for President Andrzej Duda to present it as his project to the Sejm.
Change to what is called an internship pension would be a privilege, that is, it would be voluntary. As the amount of old age pension still depends on the accumulated capital, everyone who wants a higher pension should look not only at their age, but also the capital accrued from contributions, on which ZUS will calculate their monthly pension amount. basis. Every extra month of work, let alone years, is a higher pension – not only because the employee’s retirement account will receive extra contributions, but also because when calculating the amount of pension, ZUS will divide the accumulated money by several less months of theoretical age of man or woman resulting from current death tables.
The government has just been rebuilt. The changing constitution of the Council of Ministers will work, among others, on next year’s budget, and one of the issues important to ordinary people and dependent on the shape of the budget is pension regulations, including the final liquidation of OFE, pension indexation and, of course, other possible changes to the pension system, and so on. the organization of work-related pensions may be introduced.
Such a solution is now considered to complement the current pension system. At present, as we know, to retire – apart from, for example, uniformed services – you must be at least 60 years of age for a woman, 65 for a man.
Currently, for early stage workers, the length of service is closer to fifty years than it is only forty years.
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The initiator is President Andrzej Duda, who is backed by the trade union “Solidarność”, but adding his own state – the capital accumulated on the retirement pensioner’s account must allow for the payment of pension in the amount of at least 120 per cent. the lowest pension currently in force.
Minimum seniority pension: 120 percent of minimum retirement pension
This is because of the fear that the money collected from pension contributions of people who retire before the age of 60 will be small and, as a result, the pension will be penny.
Low pensions from ZUS are the main reason why solutions are still being sought that would be tantamount to a new pension law and improve the financial situation, especially the lowest-paid people. Meanwhile, the state of public finances does not allow for an increase in subsidies to pensions from the state budget. COVID questions the payment of the promised and already registered pensions in nearly thirteenth and fourteenth pensions – the law, but it is not known if next year’s budget will be enough to fund social programs of Such and their suspension is increasingly being considered.
Pensions in 2021: many unknown things
Besides, not the only unknown – work on the abolition of open pension funds is not yet complete, the money, by law originally adopted by the Sejm, was to be transferred to private individual retirement accounts that were already in June this year.
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It is known how much pension indexation will be from March 2021 – the rate of 3.84 per cent. it is contained in the draft budget act introduced by the government. Were it not for inflation at the level of 3-4 percent. It would look good, but in practice there are many key prices in the pensioner’s portfolio, eg energy, refuse collection and other housing-related fees, not to mention drugs – they go much higher than ‘ the planned inflation and indexation rates.
It is also not known whether it will be possible to find funding to increase the minimum pensions above the indexation index, as has been the case in recent years. Currently, the minimum pension is PLN 1,200. G.If, as promised, it could be raised by another PLN 100 from March 1, that would be PLN 1,300.
Retirement pensions in 2021 – at least PLN 1,560
Coming back to the new project of seniority pensions, if they applied today, the minimum retirement pension for a 35-year-old working woman would now be PLN 1,440, as for a 40-year-old working man, no matter what under her age.
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On the other hand, if the minimum retirement pension were increased to PLN 1,300 from 1 March 2021, the minimum retirement pensions would be PLN 1,560 (having met a 35 year service for women and 40 years for men).
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