The Polish pension system and the American one.

The pension system in Poland is mainly based on the so-called universal social insurance system. It involves mandatory contributions that are paid by employers and employees to the Social Insurance Institution. Based on the accumulated contributions, a pension is paid out after reaching a certain age and meeting specific conditions. In the United States, the pension system is more diversified and based on three pillars. The first pillar is the federal social insurance system (Social Security), which operates on a similar principle to Poland. The second pillar consists of private pension plans, such as Individual Retirement Accounts or corporate 401(k) programs. The third pillar includes additional savings and investments, which can involve stocks, bonds, real estate, etc. Comparing both systems, several differences can be noticed. In Poland, the pension system is more centralized and based on mandatory contributions, while in the United States, there is greater freedom of choice and more emphasis on individual savings. This means that in Poland, the pension mainly depends on the accumulated contributions to the Social Insurance Institution, while in the USA, individuals can have a greater influence on the amount of funds available for retirement.