Evolution of supplementary old-age pension systems in selected CEE countries

Rutecka-Góra, Joanna

doi:10.33119/zif.2016.14.4

Cited by 8 publications

(6 citation statements)

References 3 publications

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“…Almost all of the countries analysed allow contribution deduction from tax base and four of them (Bulgaria, Czechia, Estonia and Lithuania) do not deduct any tax from pension savings during participation in the system. Poland (individual retirement savings accounts) offers a reduced tax rate Source: author's work based on (Rutecka-Góra, 2016;Mączyńska et al, 2020;Chłoń-Domińczak et al, 2020).…”

Section: Architecture Of Supplementary Pension Plans In Cee Countriesmentioning

confidence: 99%

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Inadequacies of regulations on supplementary pension plans in Central and Eastern European countries

Rutecka-Góra

2021

European Journal of Social Security

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The supplementary occupational and individual pension systems in Central and Eastern European countries (CEE) are poorly regulated while their architecture is very complex. Law on supplementary pensions focuses on ensuring financial security of financial institutions, their liquidity and solvency, as well as on stimulating the development of additional pension protection understood as higher coverage and assets under management. The efficiency guarantees and cost limits have not been implemented and the profitability of such products for individual savers is rarely assessed. The analyses conducted on the regulation of voluntary old-age pension systems in Bulgaria, Estonia, Latvia, Lithuania, Poland, Slovakia and The Czech Republic indicated the main inadequacies of the supplementary old-age provision offered. They relate to the lack of preliminary and regular product assessment, inadequacy of plan design, efficiency and costliness. The recommended changes relate to risk sharing, forms of pension benefits, limits on costs, information policy and transparency.

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Section: Architecture Of Supplementary Pension Plans In Cee Countriesmentioning

confidence: 99%

“…***Data only for employee pension plans (PPE), PPK are not covered. Source: author's work based on(Chłoń-Domińczak et al, 2020;Šebo et al, 2019;Rutecka-Góra, 2016).…”

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Inadequacies of regulations on supplementary pension plans in Central and Eastern European countries

Rutecka-Góra

2021

European Journal of Social Security

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“…Źródło: opracowanie własne na podstawie [Šebo et al 2019;Rutecka-Góra 2016 Warto zwrócić uwagę, że modyfikacje wprowadzane do dodatkowego zabezpieczenia emerytalnego powodują zacieranie się granic pomiędzy klasycznymi grupowymi i indywidualnymi planami emerytalnymi, np. w sytuacji, gdy pracodawca może wpłacać składkę do indywidualnego planu pracownika (m.in.…”

Section: Dodatkowe Oszczędzanie Na Emeryturęunclassified

“…Tymczasem ich skuteczność w oferowaniu adekwatnych dochodów na okres starości nie jest oceniana, a głównymi wyznacznikami rozwoju dodatkowego rynku emerytalnego są wartość zgromadzonych aktywów oraz poziom uczestnictwa stymulowany we wszystkich krajach CSE kosztownymi zachętami podatkowymi (tabela 7). Źródło: [Šebo 2019;Rutecka-Góra 2016;OECD 2018].…”

Section: Dodatkowe Oszczędzanie Na Emeryturęunclassified

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Raport SGH i Forum Ekonomicznego 2020

Wachowiak¹,

Strojny²,

Majewski³

2020

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Recenzje dr hab. Justyna Wiktorowicz, prof. UŁ -Uniwersytet Łódzki dr Bohdan Wyżnikiewicz -Główny Urząd Statystyczny prof. dr hab. Filip Chybalski -Politechnika Łódzka dr hab. Oskar Kowalewski, prof. INE PAN -Polska Akademia Nauk dr hab. Marta Kluzek, prof. UEP -Uniwersytet Ekonomiczny w Poznaniu prof. dr hab. Jadwiga Glumińska-Pawlic -Uniwersytet Warszawski prof. dr hab. Ewa Bojar -Politechnika Lubelska dr hab. Remigiusz Rosicki, prof. UAM -Uniwersytet im. Adama Mickiewicza w Poznaniu dr hab. Magdalena Sobocińska, prof. UEW -Uniwersytet Ekonomiczny we Wrocławiu prof. dr hab. Adam Noga -Akademia Leona Koźmińskiego dr hab. Patrycja Matusz, prof. UWr -Uniwersytet Wrocławski dr hab. Andrzej Raszkowski, prof. UEW -Uniwersytet Ekonomiczny we Wrocławiu Komitet redakcyjny prof. dr hab. Hanna Godlewska-Majkowska dr hab. Piotr Wachowiak, prof. SGH dr Mariusz Strojny (redaktor naukowy) dyr. Bartosz Majewski Redakcja językowa Violetta Kownacka

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Factors Affecting the Development of Voluntary Pension Schemes in CEE Countries: A Panel Data Analysis

Marcinkiewicz

2017

Central European Economic Journal

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The study provides some quantitative information on voluntary pension plans in 10 CEE countries obtained from various local sources. The comparative analysis shows that there is a considerable variation in this group in terms of participation and contributions to the voluntary pension plans. In addition, this study empirically examines several factors that can possibly affect the development of voluntary pensions: income per capita and poverty rate, income inequality, replacement rate from the pension system, education attainment, interest rate and demographic burden. It uses a panel regression framework for the period of 2006-2014. The results reveal that, in the case of participation in voluntary pension plans, only income level per capita is associated with a greater number of pension plan members. As far as contributions are concerned, education seems to be the most important determinant of additional pension savings. Other factors do not seem to explain well both of the studied variables reflecting the development of voluntary pension schemes. However, as individual fixed effects are proven to be significant in the estimated models, one could conclude that country-specific characteristics play a significant role in explaining the development of voluntary pension schemes. They can be referred to the design and parametric settings of the non-mandatory pension system.

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Evolution of supplementary old-age pension systems in selected CEE countries

Cited by 8 publications

References 3 publications

Inadequacies of regulations on supplementary pension plans in Central and Eastern European countries

Inadequacies of regulations on supplementary pension plans in Central and Eastern European countries

Raport SGH i Forum Ekonomicznego 2020

Factors Affecting the Development of Voluntary Pension Schemes in CEE Countries: A Panel Data Analysis

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