Poland’s pension system faces multiple challenges, including accelerating population aging. Early retirement policy aimed at mitigating mass exit from the labor market led to the rise of pension system economic dependency. Transition to a nonfinancial and financial defined contribution (NDC plus FDC) system in 1999 mitigated the fiscal risk and an unfair balance of interest between the working and retired generations. The new system separated the...
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INFORMATION
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2019/04/01
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Document de travail (série numérotée)
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136550
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1
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1
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2019/05/30
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Disclosed
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The Polish NDC Scheme : Success in the Face of Adversity
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pension system
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