Poland Nationalizes Retirement Accounts!

Reuters is reporting that Poland has just nationalized their retirement system via a pension fund “overhaul”, a move Poland claims will reduct is public debt by 8 pct of GDP thanks to the theft of their citizens retirement savings.
The plan calls for private pension funds to be forceably converted to a state guaranteed system, without providing retirement holders ANY COMPENSATION!
The Polish pension funds’ organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation.

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