Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform
In January 1999, Poland launched a new pension system that was the result of 5-6 years of broad outreach campaigns and complex negotiations within the government and between the government and key stakeholder groups. A number of compromises were ma...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2003/03/2864528/case-study-4-poland-participation-macroeconomic-policy-making-reform http://hdl.handle.net/10986/11317 |
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okr-10986-113172021-04-23T14:02:55Z Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform World Bank MACROECONOMIC POLICY POLICY REFORM PENSION SYSTEMS STAKEHOLDER PARTICIPATION PAYROLL TAXES PENSION PLANS PAYROLL POLICY MAKING PROCESSES GROSS DOMESTIC PRODUCT GOVERNANCE APPROACH CONSENSUS BUILDING LEGISLATIVE PROCESS OUTREACH ACTIVITIES ADVERTISEMENTS ADVERTISING AGED BUSINESS ASSOCIATIONS CABINET CITIES CIVIC ENGAGEMENT CIVIL SOCIETY CONTRIBUTION RATES DEFINED BENEFITS ELECTIONS ELIGIBLE VOTERS INDIVIDUAL ACCOUNTS INDIVIDUAL BENEFITS LAWS LEARNING LEGISLATION LEGISLATIVE PROCESS MANDATORY SYSTEM MEDIA MULTI-PILLAR SYSTEM PARLIAMENT PARLIAMENTARIANS PENSION COSTS PENSION FUND PENSION FUNDS PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSIONERS PENSIONS POLICY MAKING POLITICAL LEADERS PRIME MINISTER PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PILLAR PROGRAMS PUBLIC OPINION RADIO REGULATORY AGENCY REGULATORY MECHANISMS REPRESENTATIVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT OPTIONS SOCIAL INSURANCE SOCIAL POLICY SOCIAL SECURITY TAX TREATMENT TELEVISION THREE-PILLAR SYSTEM WAGE GROWTH WORKERS YOUNG WORKERS In January 1999, Poland launched a new pension system that was the result of 5-6 years of broad outreach campaigns and complex negotiations within the government and between the government and key stakeholder groups. A number of compromises were made to broaden support for the reform; these changes will significantly increase costs during the transition period but without undermining the long-term viability of the reformed pension system. Post-communist Poland operated on a traditional pay-as-you-go (PAYG) system; payroll taxes of current workers financed the pension benefits of current retirees. Due to a number of policy changes expanding early retirement options and other privileges, pension costs skyrocketed in the mid-1990s and Poland had one of the highest spending rates of any post-communist transition country. In addition, long-term demographic shifts led to a decline in people paying into the system relative to those receiving benefits. Contribution rates (i.e., payroll taxes) had already risen from 25% in 1981 to 45% in 1990. They could not easily be pushed up further. 2012-08-13T14:44:26Z 2012-08-13T14:44:26Z 2003-03 http://documents.worldbank.org/curated/en/2003/03/2864528/case-study-4-poland-participation-macroeconomic-policy-making-reform http://hdl.handle.net/10986/11317 English Social Development Notes; No. 80 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia Poland |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MACROECONOMIC POLICY POLICY REFORM PENSION SYSTEMS STAKEHOLDER PARTICIPATION PAYROLL TAXES PENSION PLANS PAYROLL POLICY MAKING PROCESSES GROSS DOMESTIC PRODUCT GOVERNANCE APPROACH CONSENSUS BUILDING LEGISLATIVE PROCESS OUTREACH ACTIVITIES ADVERTISEMENTS ADVERTISING AGED BUSINESS ASSOCIATIONS CABINET CITIES CIVIC ENGAGEMENT CIVIL SOCIETY CONTRIBUTION RATES DEFINED BENEFITS ELECTIONS ELIGIBLE VOTERS INDIVIDUAL ACCOUNTS INDIVIDUAL BENEFITS LAWS LEARNING LEGISLATION LEGISLATIVE PROCESS MANDATORY SYSTEM MEDIA MULTI-PILLAR SYSTEM PARLIAMENT PARLIAMENTARIANS PENSION COSTS PENSION FUND PENSION FUNDS PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSIONERS PENSIONS POLICY MAKING POLITICAL LEADERS PRIME MINISTER PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PILLAR PROGRAMS PUBLIC OPINION RADIO REGULATORY AGENCY REGULATORY MECHANISMS REPRESENTATIVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT OPTIONS SOCIAL INSURANCE SOCIAL POLICY SOCIAL SECURITY TAX TREATMENT TELEVISION THREE-PILLAR SYSTEM WAGE GROWTH WORKERS YOUNG WORKERS |
| spellingShingle |
MACROECONOMIC POLICY POLICY REFORM PENSION SYSTEMS STAKEHOLDER PARTICIPATION PAYROLL TAXES PENSION PLANS PAYROLL POLICY MAKING PROCESSES GROSS DOMESTIC PRODUCT GOVERNANCE APPROACH CONSENSUS BUILDING LEGISLATIVE PROCESS OUTREACH ACTIVITIES ADVERTISEMENTS ADVERTISING AGED BUSINESS ASSOCIATIONS CABINET CITIES CIVIC ENGAGEMENT CIVIL SOCIETY CONTRIBUTION RATES DEFINED BENEFITS ELECTIONS ELIGIBLE VOTERS INDIVIDUAL ACCOUNTS INDIVIDUAL BENEFITS LAWS LEARNING LEGISLATION LEGISLATIVE PROCESS MANDATORY SYSTEM MEDIA MULTI-PILLAR SYSTEM PARLIAMENT PARLIAMENTARIANS PENSION COSTS PENSION FUND PENSION FUNDS PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSIONERS PENSIONS POLICY MAKING POLITICAL LEADERS PRIME MINISTER PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PILLAR PROGRAMS PUBLIC OPINION RADIO REGULATORY AGENCY REGULATORY MECHANISMS REPRESENTATIVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT OPTIONS SOCIAL INSURANCE SOCIAL POLICY SOCIAL SECURITY TAX TREATMENT TELEVISION THREE-PILLAR SYSTEM WAGE GROWTH WORKERS YOUNG WORKERS World Bank Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform |
| geographic_facet |
Europe and Central Asia Poland |
| relation |
Social Development Notes; No. 80 |
| description |
In January 1999, Poland launched a new
pension system that was the result of 5-6 years of broad
outreach campaigns and complex negotiations within the
government and between the government and key stakeholder
groups. A number of compromises were made to broaden support
for the reform; these changes will significantly increase
costs during the transition period but without undermining
the long-term viability of the reformed pension system.
Post-communist Poland operated on a traditional
pay-as-you-go (PAYG) system; payroll taxes of current
workers financed the pension benefits of current retirees.
Due to a number of policy changes expanding early retirement
options and other privileges, pension costs skyrocketed in
the mid-1990s and Poland had one of the highest spending
rates of any post-communist transition country. In addition,
long-term demographic shifts led to a decline in people
paying into the system relative to those receiving benefits.
Contribution rates (i.e., payroll taxes) had already risen
from 25% in 1981 to 45% in 1990. They could not easily be
pushed up further. |
| format |
Publications & Research :: Brief |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform |
| title_short |
Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform |
| title_full |
Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform |
| title_fullStr |
Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform |
| title_full_unstemmed |
Case Study 4 - Poland : Participation in Macroeconomic Policy Making and Reform |
| title_sort |
case study 4 - poland : participation in macroeconomic policy making and reform |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2003/03/2864528/case-study-4-poland-participation-macroeconomic-policy-making-reform http://hdl.handle.net/10986/11317 |
| _version_ |
1764416302703706112 |