PENSIONS REFORMS IN POLAND – HISTORY AND CURRENT TENDENCIES

The pension reforms carried out in 1999 have made significant changes in the functioning of the Polish pension system, as they introduced capital-based system. The global financial crisis has influenced the whole economy it turned out that the new system does not fulfill the expectations and causes troubles for public finance, changing the view of the role of financial system in economy. The main aim of the article is to show brief history of contemporary pension‟s reforms and tendencies in reforming the system in Poland, which has planned the reform since the economic transition and fully adopted market solutions in 1999.