PPK to cost the average employer PLN 89,000 a year

The Act on Employee Capital Plans (PPK – a program for saving funds for retirement) came into force on July 1. The first participants in the new system were employees of large companies employing a minimum of 250 people under civil law contracts, but smaller companies will be joining the program until January 1, 2021.“Assuming that a medium-sized company employs 100 people, the employer must allocate an additional PLN 7,397 to PPK every month, the annual financial burden…