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Poland says plans to convert OFE pension funds into mutual funds

Published July 4, 2016 Updated July 4, 2016 09:03am

1 min

By Parvez Jabri

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WARSAW: Poland plans to convert state-guaranteed OFE private pension funds into mutual investment funds that will manage 103 billion zlotys ($26 billion) worth of assets, economy minister Mateusz Morawiecki said on Monday.

The remaining 35 billion zlotys now held by the OFE pension funds are to be transferred to the state-run demographic reserve fund, Morawiecki said.

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