PFR plans to review the act on employee capital plans

From the launch of the program on July 1, 2019, until the end of 2021, financial institutions earned over PLN 425 million for employee capital plans (PPK) participants (the difference between payments to the PPK and the value of assets accumulated in this program). Almost 281,000 entities offer participation in the plans, and the number of program participants is nearly 2.3 million people.

"Regulations regarding technical issues, such as payment deadlines or other solutions that may make life easier or difficult for employers, need to be revised and changed to make them fulfill their function even better," Robert Zapotoczny, president of PFR Portal PPK, announced.

Such a review is to be done by the end of this year. People who participate in the plans have saved over PLN 8 billion in 2.5 years. The reform of the program is to encourage new employees to participate in the PPK.

"By the end of this year, we are planning to review the act, and next year, at the turn of the first and second quarters, the general enrollment of all employees will be launched again. Of course, people who do not want to save under the employee capital plans will be able to resign, but we count that more people will stay," Robert Zapotoczny added.

(Newseria)