New pension proposals bad for OAPs

24th July 2010

The government is on a collision course with OAPs over its controversial pension plans.

Labour minister Jolanta Fedak has said she wants to cut the amount people pay in pension contributions to Personal Pension Schemes from 7.3 percent of their salary to 3 percent and instead increase the amount of contributions paid to ZUS - the state-funded pension. The main reasoning behind the move is to help reduce public debt and the budget deficit.

But although good for the budget, it isn’t good for OAPs. If Fedak’s plan is given the green light, it will mean pensioners receive three times less upon retirement than they do at the moment.

Pensioners are also unhappy with PM Tusk who in J ...