Poland is reforming the pension system

The Polish parliament has approved the reform of the pension system, which provides for the transfer of funds from private funds to state funds.

According to that plan, which will come into effect in February, private pension funds will have to transfer government bonds in their possession, worth 140 billion zlotys (33 billion euros), to a state fund called ZUS, reports the agency. AP.

After a heated debate, the lower house of the parliament voted by 232 votes to 216 to reform the pension system.

The Polish Prime Minister, Donald Tusk, pointed out that the money in ZUS will be safer and less exposed to fluctuations in the financial markets at a time when the population is getting older.

Critics of the decision argue that the primary goal of the plan is to make the public accounts look better, and that the move causes distrust among residential investors regarding the government's reliability in respecting free markets.