These people can retire earlier. However, there are conditions

Discussions have been going on in Poland for years regarding the introduction of seniority pensions. They make it possible to end professional activity before reaching retirement age (60 years for women, 65 years for men), provided that appropriate length of service is demonstrated.

Let us remind you that there are two bills on this matter in the Sejm. The first one was submitted by MPs from the Left, the second one is a citizens’ initiative supported by NSZZ “Solidarity”. Both projects provide for the possibility of retirement after demonstrating insurance experience – 35 years for women and 40 years for men. In practice, this would mean that, for example, a woman who started working at the age of 18 could retire at the age of 53. A man in a similar situation would end his professional activity at the age of 58. In both cases, the pension would be due seven years earlier than before.

Obtaining the right to an internship pension would be conditional on accumulating capital in the Social Insurance Institution (ZUS) that would ensure a benefit not lower than the minimum pension (from March 1978.49 gross), and – as Business Insider Polska writes – in order to receive an internship pension, you must have enough contributions to be sufficient for a monthly payment of 120%. minimum pension.

Dziemianowicz-Bąk on internship pensions

The amount of the internship pension depends on the accumulated contributions and initial capital. In practice, ZUS will divide the collected funds by the average life expectancy announced by the Central Statistical Office.

At the end of last year, the Minister of Family, Labor and Social Policy spoke about the possibility of introducing seniority pensions in Poland. In an interview with Money.pl, Agnieszka Dziemianowicz-Bąk admitted that her ministry’s position on the above-mentioned projects is positive. However, she emphasized that the Ministry of Finance had objections – of a fiscal nature. – I am ready to discuss how to calibrate the project so that it does not constitute an excessively significant burden on public finances, but actually helps people waiting for internship pensions – said the head of the Ministry of Family, Labor and Social Policy.

Estimates quoted by Business Insider Polska show that the introduction of seniority pensions would mean that up to 150,000 people could leave the labor market in the first year. employees. The cost of introducing such pensions is additionally approximately PLN 13 billion annually from the Social Insurance Fund and approximately PLN 1.5 billion annually from the Pension Fund of the Agricultural Social Insurance Fund.