Slow take up of employee pension top-up scheme in Poland

Poland’s recently introduced Employee Capital Plans (PPK). This was introduced to deliver long-term financial security for Poles but are not proving as popular as hoped.

Despite considerable encouragement and support from the Polish state, latest figures show fewer than 40% of qualifying employees have so far elected to participate in PPK, which is effectively a voluntary pension top-up scheme.

Every employee who meets the statutory criteria for PPK, introduced in 2018, will be automatically enrolled into this comprehensive, long-

term saving system, based on them paying in 2% of their annual salary.

Furthermore, employers, who are joining the PPK scheme in phases up to January 2021, are required to make a contribution equal to 1.5% of their employees’ salaries into PPK, while the state pays an entry bonus to employees for joining the scheme and also contributes a small amount towards it each year.

However, PPK is only voluntary for employees, and they may withdraw from the scheme at any time.

For more information, contact:

Katarzyna Klimkiewicz-Deplano
Advicero Nexia
T: +48 602 338 215
E: kklimkiewicz@advicero.eu 
W: www.advicero.eu
 

, ,

Share:

• Email this Page
• Share on LinkedIn
• Share on WhatsApp