PENSION FUNDS IN CENTRAL AND EASTERN EUROPEAN COUNTRIES. SOME LEGAL, ORGANIZATIONAL AND ECONOMIC ASPECTS (Fundusze emerytalne w krajach Europy Srodkowo-Wschodniej. Wybrane aspekty prawne, organizacyjne i ekonomiczne)

The political and economic transformation in Central and Eastern European Countries in the last decade the 20th century coincided with the high unemployment and unfavorable demographical trends. Those factors resulted in the necessity of pension reforms in CEE countries. The main aim of the article is the characteristics of the selected legal, organizational and economic aspects of the pension funds functioning. The author describes the construction of pension system in selected countries, characterizes pension fund markets, legal aspects of pension funds investment activity and the pension companies reward system for managing pension funds