Government adopts draft law on PPK pension scheme

The Council of Ministers has adopted a draft law on employee capital pension plans (PPK), said Prime Minister Mateusz Morawiecki. The Prime Minister stressed that within 10 years the state will pay about PLN 35 billion to Poles in the PPK scheme.

The project involves a welcome contribution of PLN 250 and annual subsidies of PLN 240 for each account holder that will be paid by the state.

Morawiecki stressed that the funds in the PPK will be used for pension security, but it will also be possible to pay them out. These measures are to lead to long-term savings.

The PPK will cover a total of 11.5 million employees and will be introduced in stages according to company size.

 

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