"Poland plans to reduce the role private pension funds play in the country’s hybrid pension system in order to reduce public debt as it battles an economic slowdown.
Polish stocks on the main WIG20 index rebounded from a 10-month low after the opening of trading on Wednesday once the market realised the government was not intendig to nationalise pension fund assets, the biggest investor in the local equity market.
Individual defined-contributions to private pension funds to supplement the pay-as-you-go contributions made to the social security system, ZUS, were introduced in reforms made in the late ’90s."
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