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Update the browserEnrollment for PPK will cover all persons employed aged 18-55. Employees aged 55-70 who want to take part in the programme must turn directly to the Employer with the proposal to conclude on their behalf an agreement on running a PPK. Ultimately, each Employer employing at least one person will be required to conclude a contract for the management of a PPK with a selected financial institution within the deadlines specified in the law, depending on the size of employment.
The employer shall make the choice in agreement with the Employees’ representation or the company trade union on the basis of evaluation of: terms and conditions of management of funds accumulated in PPK proposed by the financial institutions; their effectiveness in managing assets as well as their experience in managing investment or pension funds, with a view to the employed persons’ best interests.
The TFI assures security of money entrusted by customers to funds managed by the TFI in accordance with legal regulations applicable to the operation of mutual funds and mutual fund companies.
Employee Capital Pension Schemes may result in lower staff rotation and thus lower recruitment costs. Becoming an obligatory part of the benefits package for Employees, they will allow Employers to create their positive perception on the labour market.
Administrative responsibilities were largely transferred to financial institutions.
Payments made by the Employer are not included in remuneration, which is the base for calculation of mandatory pension insurance contributions; additionally the cost of launching a PPK Programme in the company shall be tax deductible for the Employer.
PPK offer greater financial security, better standard of living past the age of 60 and additional money from the Employer and additional payments from the State. The profit within the PPK scheme is free from capital gains tax and is inherited. The Employee can decide about increasing or decreasing additional payments to PPK.
The obligation to create PPK shall apply to all businesses employing at least 250 persons.
The employer will sign the agreement by the latest: 25.10.2019 Management Agreement, 12.11.2019 Operation Agreement - first payments to PPK are made from the first salary after the date of signing the Operation Agreement
The obligation to create PPK shall apply to companies employing from 50 to 249 employees.
The employer will sign the agreement by the latest: 27.10.2020 Management Agreement, 10.11.2020 Operation Agreement - first payments to PPK are made from the first salary after the date of signing the Operation Agreement
The obligation to create PPK shall apply to companies employing at least 20 persons.
The employer will sign the agreement by the latest: 27.10.2019 Management Agreement, 10.11.2020 Operation Agreement - first payments to PPK are made from the first salary after the date of signing the Operation Agreement
The obligation to create PPK shall apply to remaining Employers.
The employer will sign the agreement by the latest: 23.04.2021 Management Agreement, 10.05.2021 Operation Agreement - first payments to PPK are made from the first salary after the date of signing the Operation Agreement
Selection of financial institution after entering it in the PPK Register
Signing of agreement on management of the PPK
Setting up an account and registration of Employees