The impact of changes in legislation on open pension funds on public finances in the short and long term

The aim of the project was to assess the impact of new legislation of 2013, substantially changing rules of Polish pension system, especially referring to open pension funds, on situation of public finances. In particular, the project aimed at finding answers for two key questions: whether fast track of the pension reform was necessary because of the risk of insolvency of public finances in the short term, and whether those changes in pension system actually improved the situation of public finances in the long run.

The expertise was commissioned by the Polish Chamber of Pension Funds.