The government adopted a draft bill on Employee Capital Pension System (PPK), Prime Minister Mateusz Morawiecki informed on Tuesday.
The Polish government adopted on Tuesday the Employees Capital Pension Scheme, which will allow Poles to contribute more to their pensions.
Under the plan, employees will be able to voluntarily pay 2-4 percent of their gross salary on top of their obligatory monthly payments, while the employer will pay up to 4 percent of the worker’s salary into the pension scheme.
Technically, the participation will be voluntary, but automatic enrolment, with an opt-out clause, will guarantee its broad reach. The government will add 240 zlotys as a welcoming benefit and an additional 250 zlotys per year.
The scheme is expected to come into effect in January 2019 and the contributions will be managed by private asset management firms.
Autor: gf / Źródło: TVN24 International, PAP, Reuters