The Social Insurance Fund
3 listopada 2020
The Social Insurance Fund (Fundusz Ubezpieczeń Społecznych, FUS) is a special purpose state fund. It was established on 1 January 1999 by virtue of the Act of 13 October 1998 on the social insurance system. The Fund is administered by the Social Insurance Institution.
Incomes of the Social Insurance Fund come inter alia from:
- social insurance contributions except for these transferred to Open Pension Funds,
- funds compensating contribution amounts transferred to Open Pension Funds,
- payments from the state budget and other institutions, intended for benefits that ZUS has been commissioned to pay, with the exception of benefits financed under other budgetary chapters and payments from foreign institutions,
- interest on the FUS bank account,
- state budget subsidy,
- resources of the Demographic Reserve Fund,
- payments from Open Pension Funds obtained when the insured person has less than 10 years to the normal retirement age.
Within the limits fixed by the Budgetary Law, the Social Insurance Fund may receive subsidies and interest-free loans from the state budget. Subsidies and loans may be intended solely to supplement funds for the payment of state-guaranteed benefits if the revenues transferred to the FUS bank account and the resources collected as the reserve fund do not ensure the full and timely payment of FUS-financed benefits.
With the consent of the minister in charge of public finance FUS may also take out loans.
The following funds are distinguished within FUS:
- old-age pension fund, which is intended to finance:
- old-age pensions – based on contributions credited to the insured person’s account in ZUS,
- funded pensions – based on contributions credited to the sub-account in ZUS,
- disability pension fund, which is intended to finance:
- disability pensions,
- training pensions,
- survivors’ pensions,
- supplements to survivors’ pensions for double orphans,
- nursing supplements,
- old-age pensions awarded by ZUS ex oﬃcio in place of disability pensions,
- funeral grants,
- disability prevention,
- benefits that ZUS has been commissioned to pay, financed by the state budget,
- sickness fund, intended to finance:
- sickness allowances,
- maternity allowances,
- care allowances,
- compensatory allowances,
- rehabilitation benefits,
- accident fund, intended to finance:
- work accident pensions,
- supplements to pensions,
- lump-sum compensations,sickness allowances in respect of incapacity for work resulting from an accident at work or occupational disease,
- health benefits refund (including dentist services, prophylactic vaccinations),
- reimbursement of medical examination and medical devices,
- subsidies to contribution payers’ activities aimed to help in maintaining the earning capacity throughout the entire period of professional activity.