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BackGood news for future retirees. A stock market surprise and billions for ZUS

Good news for future retirees. A stock market surprise and billions for ZUS

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RMF243 hours agoBusiness1 min read

Good news for future retirees. A stock market surprise and billions for ZUS

Quick Look

According to the financial plan of the Social Insurance Fund, the Open Pension Funds were to transfer PLN 11.7 billion to ZUS this year under the security slider.
After nine months, PLN 12 billion has already been transferred, and the forecast for the end of the year is approximately PLN 15 billion thanks to the increase in the value of shares on the stock exchange, which may lead to budget savings.

AI-generated summary

Why It Matters

The safety slider mechanism involves the gradual transfer of assets from Open Pension Funds to the accounts of insured persons with ZUS 10 years before retirement. The higher the OFE assets, the higher future pension payments. In 2025, a similar increase in the value of shares resulted in exceeding the transfer plan and reducing the budget subsidy to the Social Insurance Fund.

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More billions from the slider

According to the financial plan of the Social Insurance Fund (FUS), this year the Open Pension Funds (OFE) were to transfer PLN 11.7 billion to ZUS under the so-called slider.

It is a mechanism for the gradual transfer of assets from funds to the accounts of insured persons at ZUS, which is launched 10 years before their retirement. Therefore, the larger the OFE assets, the higher the payouts. And this is the phenomenon we are currently dealing with, the newspaper points out.

"In the financial plan for this year, we assumed PLN 11.7 billion for the safety slider. Meanwhile, the market reality has completely changed the balance of power. After nine months, we already have PLN 12 billion in our account, and we will close the year with a result of approximately PLN 15 billion," says Paweł Jaroszek, vice president of the Social Insurance Institution, to "PB".

Another rally on the stock market

The stock market surprise is a repeat of the situation from 2025, when the stock market rally also led to a significant exceedance of the payout plan. Back then, larger amounts from the slider were one of the reasons why the budget reduced the subsidy to the Social Insurance Fund (Social Insurance Fund - ed.) - the newspaper reminds.

This year will probably be similar. Paweł Jaroszek, in an interview with "Puls Biznesu", avoids clear declarations, but suggests that higher share valuations may indirectly be a source of budget savings.

What to Watch

AI outlook — possibilities, not facts

We will close the year with transfers from OFE to ZUS of approximately PLN 15 billion
Likely · Within months

Open Questions

Will higher transfers from OFE to ZUS lead to an actual reduction in the budget subsidy to FUS this year?
How long will the current stock market uptrend last and what will its impact be on future slider transfers?
What are the long-term consequences of higher transfers from OFE for future retirees?

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This article was originally published by RMF24.