Pension reform and public information in Poland
The introduction of a new pension system in Poland in 1999 was the culmination of a long policy dialogue and years of debate. During this period, the role of public opinion shaped the reform and was, in turn, shaped by the reform process. Implementation of the reform was also affected by the quality of information available to the public and the public's financial literacy. In contrast to their passive role in the old public, defined-benefit schemes, People who chose to divert their contributions to individual, defined-contribution accounts must now take an active role in the new system. This paper documents the evolution of public opinion and its affects on the reform process as well as the early experiences of millions of people who, for the first time, are faced with the challenge of choice as consumers in the new market for pension services.
|Date of creation:||31 Aug 2000|
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- Palacios, Robert & Whitehouse, Edward, 1998.
"The role of choice in the transition to a funded pension system,"
Social Protection and Labor Policy and Technical Notes
20109, The World Bank.
- Palacios, Robert & Whitehouse, Edward, 1998. "The Role of Choice in the Transition to a Funded Pension System," MPRA Paper 14176, University Library of Munich, Germany.
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