This paper concentrates on Poland, which just reduced contributions going to the mandatory second pillar from 7.3 to 2.3% of earnings with that amount diverted to the public pension regime (ZUS). Trying to solve the problem of public finance sustainability by radically shrinking the second tier ...
pillar one, to assure “three types of income support: (1) a publicly managed, unfunded, defined benefit (DB) program; (2) a privately managed, fully funded, defined contribution (DC) plan; and (3) voluntary retirement savings in the form of housing, insurance, or other assets” [30]....