Finance
19:42 11 August 2019
Post by: WBJ

495 firms have already signed PPK management contracts - Marczuk

495 firms have already signed PPK management contracts - Marczuk
source: PPK

As many as 495 companies employing a total of almost 250,000 people have already signed contracts for the management of Employee Capital Plans (PPK), vice president of the Polish Development Fund (PFR) Bartosz Marczuk told to PAP. He added that it is over 12 percent of enterprises that are to enter the system in the first stage.

PPK is a voluntary and common long-term saving system for employees. The purpose of the implementation of the PPK is to increase financial security during the retirement period. According to the Act from July 1 this year, the largest enterprises employing at least 250 people are the first to enter the system. Then, every six months - until January 2021 - the system will be introduced in smaller and smaller enterprises. PFR, which is responsible for launching and implementing PPK, assumes that even 7-8 million people will ultimately be covered by the system.

(PAP)


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