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Estimating the Impact of the 1999 Pension Reform in Poland, 2000 - 2050

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  • Stanislaw Gomulka
  • Marek Styczen

Abstract

This paper gives an account of the main aims and principles of the reform measures which came into force in 1999. Its primary objective is to present estimations of the effects of these measures on the composition of the pension system, over the next 50 years, in terms of institutions, expenditures and revenues. Within the segment of retirement pensions outside agriculture, the 1999 reform is found capable of achieving its key objectives concerning work incentives, total spending and aggregate savings. However, invalidity and family pensions for all and retirement pensions for farmers represent three segments which are yet to be properly reformed. The paper concludes that the 1999 reform should arrest a further deterioration of public sector finances with respect to pensions, but any reduction of Poland's exceptionally large both public spending on pensions and social security contributions is contingent on adopting radical reforms also in these three segments.

Suggested Citation

  • Stanislaw Gomulka & Marek Styczen, 1999. "Estimating the Impact of the 1999 Pension Reform in Poland, 2000 - 2050," CASE-CEU Working Papers 0027, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:ceuwps:0027
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    References listed on IDEAS

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    1. Sheetal K. Chand & Mr. Albert Jaeger, 1996. "Aging Populations and Public Pension Schemes," IMF Occasional Papers 1996/013, International Monetary Fund.
    2. Manfred Koch & Christian Thimann, 1999. "From Generosity to Sustainability: The Austrian Pension System and Options for its Reform," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 26(1), pages 21-38, March.
    3. Marek Styczen, 1999. "Socio-Demographic Forecast of Poland, 1997 - 2050, for Modelling Incomes and Social Security Retirement Pensions," CASE Network Studies and Analyses 0168, CASE-Center for Social and Economic Research.
    4. Mr. Vito Tanzi & Efraim Sadka, 1998. "Increasing Dependency Ratios, Pensions, and Tax Smoothing," IMF Working Papers 1998/129, International Monetary Fund.
    5. Mr. Carlo Cottarelli & Mr. Luis M. Cubeddu & Mr. M. Cangiano, 1998. "Pension Developments and Reforms in Transition Economies," IMF Working Papers 1998/151, International Monetary Fund.
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    Cited by:

    1. Jacek Cukrowski & Manfred M. Fischer, 2000. "European Integration: Strategic Market Research and Industry Structures," CASE-CEU Working Papers 0036, CASE-Center for Social and Economic Research.
    2. Gabor Virag, 1999. "Independence of a Regulatory Institution - a Means to Alleviate Credibility Problems in the CEE Countries," CASE-CEU Working Papers 0034, CASE-Center for Social and Economic Research.
    3. Lucjan T. Orlowski, 1999. "The Development of Financial Markets in Poland," CASE-CEU Working Papers 0033, CASE-Center for Social and Economic Research.

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    Keywords

    pension reform; Poland;

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