Poland Approves Final Version of Retirement Rules

23 April 2012 (PLANSPONSOREurope.com) - Poland's government has approved the final version of its new retirement legislation.

The Warsaw Business Journal reports that the Bill has now been submitted to parliament for consultation, with the first reading planned for this Thursday. The bill then goes to President Bronisław Komorowski for approval.

The new legislation introduces an increase of the retirement age to 67 for men and women by 2020 and 2040, respectively. Under the current rules, Polish men can retire at 65 and women at 60.

However, under the new bill, women can start drawing partial retirement payments at 62 and men at 65, while continuing to work part-time. Those selecting this option would receive lower pension payments when reaching the full retirement age at 67.

PLANSPONSOREurope Staff
editors@plansponsoreurope.com