Employee Capital Plans (PPK) automatically enroll persons employed between the ages of 18 and 54 (persons aged 55 and over must submit an application to join the program themselves).
It is worth emphasizing, however, that every employee has the option to resign from participating in PPK. To do so, they must submit a declaration of resignation from making PPK payments to their employer. It is worth bearing in mind that submitting such a declaration means losing benefits, such as employer payments or state subsidies.
Participants: The system covers all phone lists for sale employees who are not already covered by voluntary pension funds (OFE) . The obligation to participate covers employers and employees.
Contributions: The employer and employee contribute funds to the system through regular contributions. Contributions are set as a percentage of the employee's salary. The empl
Fund management: Funds collected within the PPK are invested, which allows them to multiply over time. The PPK participant has the option of choosing an investment fund from the offer available within the plan.
Payment of funds: The accumulated funds are a
vailable to the PPK participant after reaching retirement age. They are available in the form of an annuity or a lump sum payment, depending on the participant's choice.
Insurance: The Employee Capital Plan participant has the option to designate a person who, after his death, will become the purchaser of the funds accumulated in the PPK account. The designated pe
son will receive their rights to the funds without having to go through the inheritance process.
More about the PPK account payment system
The employer selects a financial institution that manages the PPK by opening named accounts for employees, where savings are collected — private PPK accounts. You do not save money on your own . In addition to the mandatory contribution from the employer, who also undertakes to make regular payments, the state also undertakes to pay into your PPK system. The scheme looks as follows: