Brzoska wants changes in pensions. Poles are to save more

The Deregulation Team, headed by Rafał Brzoska, presented a proposal to increase payments for individual retirement accounts (IKE) and individual pension security accounts (IKZE). It was emphasized that the current limits are too low, which limits the possibilities of long -term saving and obtaining higher retirement benefits in the future. According to the team, raising the limits would allow for more effective capital building using tax breaks.

Higher limits of pension savings

The current IKZE deposit limit is PLN 10,407.60 per year for people employed. In the case of people conducting business activity, this limit reaches PLN 15,611.40. The team points out that these amounts are not conducive to accumulating capital in a longer horizon. The proposal assumes not only raising these limits, but also to increase the IKZE and IKE tax attractiveness to improve competitiveness in relation to systems in force, including in the USA.

The accumulated funds on these accounts in Poland are relatively small. At the end of 2024, the assets accumulated on IKE amounted to PLN 22.8 billion, and at IKZE – PLN 12.1 billion. It’s still less than 1 percent. GDP, while in the United States retirement savings constitute over 47 percent. GDP.

Simplifying registration procedures

The Brzoski team also proposed to simplify the registration procedures of employee pension programs (PPE). Currently, the procedures in the PFSA are – according to the team – too complex, which discourages employers from starting them.

The proposed changes are to shorten the time of formalities, reduce bureaucracy and increase the number of companies that will introduce PPE, which would result in the financial security of future pensioners.