Poland May Issue Pension Bonds to Compensate Funds

Poland may issue long-term pension bonds to compensate private funds for funneling some employee contributions to the budget as the government seeks to reduce public debt after the global financial crisis.

The plan is “one of these ideas that guarantee safety of future pensioners and the budget without a revolution in the pension system,” Prime Minister Donald Tusk said today in parliament. “A concrete proposal will be presented next week.”