Retirement planning as the element of personal finance management in Poland

Abstract

The article presents the retirement system in Poland after last changes. It focuses on third pillar of Polish retirement system (optional one). The main purpose of the article is to present what Poles think about retirement planning. The presented data concern time perspective from 2004 to 2014. The data come from reports of AEGON, National Central Bank in Poland and Polish Insurance Association. Based on the presented data, it can be said that despite the fact that retirement awareness of Poles has increased in the last few years, Poles still rely on the mandatory pension contribution and they don’t save individually for the retirement.