Poland has a modern and relatively efficient pension system. Pensions are entitled to individuals who reached retirement age. The retirement age in Poland is currently 60 years for women and 65 years for men.
The pension payout is dependant on the cash balance that a person accumulated throughout total employment period. Retirement insurance is diverted from the salary and make up for 19.52% of remuneration (equal employer and employee contribution of 9.76%).
The Polish pension system is composed of 3 pillars:
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