delphiandomine
11 Jul 2013
Law / Jobs and Economic Status in Poland [64]
No, it will go straight in the pockets of people that never contributed to their pension fund in a hard currency.
The OFE funds were an interesting experiment at the time, but the general move away from them in Europe tells you all you need to know - they don't work.
Anyone with half a brain in Poland can see that the real thieves were the generation that's now 40-60 years old and who benefited from some incredibly huge social subsidies at the time. It's an utter joke that there are people out there who were able to buy their flat for peanuts while taking early retirement from a profession that didn't really require it. I could introduce you to some teachers who did very well for themselves by simply playing the system to their advantage.
Except that money is not going to be given back to the real owners, It will be stolen from 1 thief by another.
No, it will go straight in the pockets of people that never contributed to their pension fund in a hard currency.
The OFE funds were an interesting experiment at the time, but the general move away from them in Europe tells you all you need to know - they don't work.
Anyone with half a brain in Poland can see that the real thieves were the generation that's now 40-60 years old and who benefited from some incredibly huge social subsidies at the time. It's an utter joke that there are people out there who were able to buy their flat for peanuts while taking early retirement from a profession that didn't really require it. I could introduce you to some teachers who did very well for themselves by simply playing the system to their advantage.