The Polish government has disbursed approximately PLN 20.7 billion (EUR 4.47 billion) this year for the second additional permanent allowance for old-age pensioners, commonly referred to as the “14th pension.” This substantial allocation is expected to benefit nearly 9 million retirees and disability pensioners across the country.
Marlena Maląg, the Minister of Family and Social Policy, shared the news, stating, “This year, we have spent approximately PLN 20.7 billion on the payment of ‘the fourteens.’ The bonus payment has already reached most of the eligible persons, that is almost 9 million retirees and disability pensioners.”
Providing Financial Relief and Enhancing Elderly Welfare in Poland
The “14th pension” program has been a key policy initiative aimed at providing financial relief to pensioners, particularly those with lower monthly pensions. Under this program, pensioners whose monthly pension does not exceed PLN 2,900 (EUR 628) gross are entitled to receive the full allowance of PLN 2,650 (EUR 573) gross. However, those receiving a higher pension will have the payment reduced accordingly.
This substantial allocation comes as part of Poland’s ongoing efforts to improve the welfare of its elderly population. It represents a significant investment in social security, ensuring that those who have contributed to the nation’s workforce for years are able to enjoy a more comfortable retirement.
Alleviating Economic Hardships and Boosting Local Economies in Poland
The “14th pension” program was introduced to address the economic challenges faced by pensioners, particularly those with limited financial means. By providing an additional financial cushion, the Polish government aims to enhance the quality of life for older citizens and reduce the risk of poverty among this vulnerable demographic.
The disbursement of PLN 20.7 billion for the “14th pension” not only injects much-needed funds into the hands of pensioners but also has the potential to stimulate economic activity as these funds are spent in local communities. It is expected that this injection of capital will have a positive ripple effect on the broader economy.