Employee Capital Plans
Employee Capital Plans Employee Capital Plans (Polish abbrev.: PPK) law sets up a new, nationwide, intra-company pension system for employees, operating independently from the Social Insurance Fund. The implementation of Employee Capital Plans has begun on July 1st, 2019. The employer will be responsible for the efficiency of the PPK, with financial support from the state budget. The employers’ duty (according to law) will be, among others, signing favorable agreements with financial institutions, monthly premiums payments, and sharing information about the saved capital. The requirement to create a PPK inside the companies’ payroll structure covers economic entities employing at least...
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