PPK, Employee Capital Plans, is a long-term savings system in which an employee, along with the employer and the state, accumulate savings for the PPK participant. The system is voluntary, and savings can be withdrawn after the employee reaches at least 60 years of age. The Polish Development Fund is responsible for implementing the system, and the Financial Supervision Commission supervises the system. Details of the Employee Capital Plans can be found in the law.
According to the deadlines specified in the law, employers with at least 250 employees are subject to a strict schedule. Note! The law provides for a penalty of up to 1.5% of the annual budget for failure to conclude a PPK management agreement on time.