The referendum is scheduled to be held on Sunday during the parliamentary elections. Four questions asked by government representatives are very controversial. Many observers accuse the authorities of actively handling the referendum in the context of the election campaign. Thus, among other things, it calls for a boycott of the referendum.
One of the questions concerns an important aspect, which is pensions. It reads: “Do you support raising the retirement age, which currently stands at 60 years for women and 65 years for men?“.
The PiS does not hide that it is against raising the retirement age and criticizes its predecessors from the PO-PSL coalition for such a measure. It openly encourages civil opposition to such practices and a “no” vote in the referendum.
One of the main criticisms of this referendum issue is that it is limited to making a decision to shorten or longer working hours, without presenting the results, and this If working hours are shortened and retirement periods are extended, pensions will simply mean fewer benefits. We write more about this here.
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Unfortunately, a large segment of society does not realize this. This is well demonstrated by the latest experience and research conducted by the Chamber of Commerce for Retirement Enterprises (IGTE).
“Dramatic conclusions, very many years of work ahead,” “Drama. The ultimate failure of the state.” — We read the comments of experts on the results of the study.
Poles are afraid to save for retirement
The study shows that Only 15 percent of Poles are convinced that no one will take the money they have saved for retirement In various types of financial instruments. Participants expressed similar opinions on a similar scale Concerns about the effectiveness of investing these funds and the behavior of politicians In the future who can change the law and withdraw savings. Nearly 70 percent Poles are not sure if their money is safe in IKE/IKZE/PPK.
There is also a significant misunderstanding of expectations regarding pension amounts. “Half of young people estimate the future replacement rate, that is, the ratio of the future pension amount to the last salary, at no less than 68%, and about 30%. Their future pension paid by ZUS is expected to be at least as high as their last salary” – indicates IGTE.
He points out that these expectations significantly exceed those of ZUS, noting that The replacement rate may reach about 24.6 percent in 2060. Experts confirm that “this excessive optimism among Polish youth may be due to a misunderstanding of the retirement system.”
– Lack of knowledge about pensions
Expert opinion indicates this Only 31 percent of young Poles are actually saving money for an additional pension, with 21 percent PPK, 11 percent each. IKE, OFE, and less than 9 percent EXE.
“In the case of PPK, this number may be an underestimate, because 15 percent declare that they do not know whether they are in the program or not, and because of automatic enrollment, it should be assumed that if they do not intentionally unsubscribe from the program, they are in it.” – Comment by IGTE experts.
Many young people explain that they still have a lot of time and do not have to worry about it now. Ignorance is also a problem. Only one in five Poles believe that financial instruments are simple and their operation is transparent. Meanwhile, nearly half of young people admit they don’t understand how they work.
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