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Over 80 percent of clients of the Social Insurance Institution receive their pension benefits directly into their bank account

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Currently, more than 80 percent of clients of the Social Insurance Institution receive pension benefits directly to their bank account, ZUS reported. – This is a safe solution, because it reduces the risk of money theft as a result of fraud known as the grandson or policeman method – commented the president of ZUS, Professor Gertruda Uścińska.

More and more seniors have a bank account, use payment cards and special applications for mobile phones. For several years, payments of benefits to bank accounts have been gradually increasing. In 2005, there were about 40 percent of them, and in 2008 – half.

Using non-cash forms of payment of benefits

Social Security informed that at the end of 2020, the banking ratio in the area pensions amounted to 76.9 percent, which means that over 6.2 million pensions were credited to bank accounts. A year later, this ratio was 78.4 percent, and at the end of 2022 – 79.8 percent. – According to the latest data at the end of April 2023, already 80.3 percent. pension benefits were transferred by ZUS to bank accounts – indicated the president of ZUS, prof. Gertrude Uscinska. She added that the Social Insurance Institution, in cooperation with financial institutions, has been encouraging beneficiaries to use non-cash forms of payment of benefits for many years.

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Digital exclusion: today’s seniors are completely different people than 10 years ago

The president of ZUS emphasized that the payment of benefits to a bank account is a safe solution, because it reduces the risk of money theft as a result of fraud known as the grandson or policeman method. In addition, seniors are getting better at using payment cards and electronic banking. – Today’s seniors are completely different people than 10-15 years ago. They are not as exposed as a few years ago to digital exclusion. However, this does not mean that this phenomenon does not exist. It should be effectively counteracted and ZUS is active in this field, said Uścińska. ZUS draws attention to the financial aspect – a single transfer of a pension by post costs a few zlotys. In total, this results in multimillion-dollar costs annually.

Read also: This is the average pension in Poland

Main photo source: Shutterstock



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