Poland to Cancel Bonds From Pension Funds in System Revamp
This article is for subscribers only.
Poland will take over and cancel government bonds held by its privately managed pension funds, stopping short of fully “nationalizing” the system as it seeks to curb public debt, Prime Minister Donald Tusk said.
Pension funds will keep current assets that they invested in stocks and future contributions to the system by Poles will be “voluntary,” Tusk told reporters today in Warsaw.