In the first stage, 39 percent employees of companies employing at least 250 people joined the employee capital plans (PPK). According to Małgorzata Rusewicz, president of the Chamber of Fund and Asset Managers and the Chamber of Commerce of Pension Societies, the participation rate among people up to 50 years of age was about 50 percent, and it could be higher. Such an opinion is also shared by the vast majority of representatives of the institutions running the PPK. The problem is the lack of trust of employees in the pension system and the capital market. The economic situation caused by the coronavirus pandemic may adversely affect the implementation of the second and third stages of the implementation of the PPK.
“We were hoping that the participation in the first stage of the PPK program would be slightly higher, but there is a chance that it will increase in the coming years. It is possible that Poles also expect a social campaign in this area,” Rusewicz emphasized.
For now, the obligation to introduce PPK has been applied to the largest companies employing at least 250 people (from July 1, 2019). Due to the coronavirus pandemic, the government has postponed the implementation of the next stage by six months – this time for medium-sized companies employing at least 50 people.
“As a rule, postponing the next stage of PPK implementation does not affect the course of the entire process. However, the circumstances with which we are currently dealing, i.e. the state of the pandemic, are important,” Małgorzata Rusewicz admitted.