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The quest for pension reform : Poland's security through diversity

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  • Gora, Marek
  • Rutkowski, Michal

Abstract

This report looks at pension reform recently undertaken in Poland, but draws conclusions with wider applicability. It examines the motivation for reform, the struggle of progressively minded experts and politicians to advance the reform agenda, the architecture of the new system, and issues arising during the transition. The final section offers tentative conclusions and lessons for other countries while highlighting the factors leading to the reform's successful launch (it is too early yet to determine the pension system's success). Factors included enlisting broad popular support for the contents of the reform package; shielding the office for pension reform from political fights, enabling it to focus on its professional tasks; intimately involving the trade unions through several consultations; and lastly, moving quickly to grasp opportunities, that is, taking advantage of the public consensus for pension reform.

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Bibliographic Info

Paper provided by The World Bank in its series Social Protection Discussion Papers with number 20111.

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Date of creation: 31 Oct 1998
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Handle: RePEc:wbk:hdnspu:20111

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Keywords: Environmental Economics&Policies; Pensions&Retirement Systems; Economic Theory&Research; Banks&Banking Reform; Information Technology;

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References

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  1. Robert Holzmann, 1997. "Fiscal Alternatives of Moving from Unfunded to Funded Pensions," OECD Development Centre Working Papers, OECD Publishing 126, OECD Publishing.
  2. James, Estelle, 1998. "New Models for Old-Age Security: Experiments, Evidence, and Unanswered Questions," World Bank Research Observer, World Bank Group, World Bank Group, vol. 13(2), pages 271-301, August.
  3. Whitehouse, Edward, 1999. "The tax treatment of funded pensions," Social Protection Discussion Papers, The World Bank 20126, The World Bank.
  4. Holzmann, Robert, 1998. "Financing the transition to multipillar," Social Protection Discussion Papers, The World Bank 20052, The World Bank.
  5. Palacios, Robert & Rocha, Roberto, 1998. "The Hungarian pension system in transition," Social Protection Discussion Papers, The World Bank 20048, The World Bank.
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Cited by:
  1. Disney, Richard & Whitehouse, Edward, 1999. "Pension plans and retirement incentives," Social Protection Discussion Papers, The World Bank 20851, The World Bank.
  2. Grimmeisen, Simone, 2004. "Path dependence and path departure: Analysing the first decade of post-communist pension policy in Hungary, Poland and the Czech Republic," Working papers of the ZeS, University of Bremen, Centre for Social Policy Research (ZeS) 01/2004, University of Bremen, Centre for Social Policy Research (ZeS).
  3. Whitehouse, Edward, 1999. "The tax treatment of funded pensions," MPRA Paper 14173, University Library of Munich, Germany.
  4. Robert Holzmann & Richard Hinz, 2005. "Old Age Income Support in the 21st century: An International Perspective on Pension Systems and Reform," World Bank Publications, The World Bank, number 7336, August.
  5. Richard Disney & Robert Palacios & Edward Whitehouse, 1999. "Individual choice of pension arrangement as a pension reform strategy," IFS Working Papers, Institute for Fiscal Studies W99/18, Institute for Fiscal Studies.
  6. Marek Góra, 2003. "Reintroducing Intergenerational Equilibrium: Key Concepts behind the New Polish Pension System," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan 2003-574, William Davidson Institute at the University of Michigan.
  7. Axel Börsch-Supan, 2003. "What are NDC Pension Systems? What Do They Bring to Reform Strategies?," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy 03042, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.

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