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Poland: Parliament Approves Nationalization of Pension Fund

Published: December 10, 2013; 05:24 · (Vindobona)

Today, the Polish Lower House approved the controversial pension reform. With the reform, the Polish pension system will be partly re-nationalized.

Poland: Parliament Approves Nationalization of Pension Fund / Picture: © Flickr

At the beginning of September, Poland´s government announced that the privately managed pension funds should be transferred back to the public social security system. Now, the parliament has approved the government-authored bill. In total, 232 were in favor of the bill. 216 MP voted against the re-nationalization.

The bill allows the Polish state to take over 51% of the…

This article includes a total of 266 words.

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