ECP - Employee Capital Plans

Employee Capital Plans – Saving for Your Employees’ Retirement

On 1 January 2019 the Act on Employee Capital Plans Act (PPK) entered into force. It is a new long-term saving system for employee pensions. The PPKs are voluntary, which means your employees may resign from them. However, as an employer, you have a duty to implement them in your company. The time-frame in which you are expected to do this depends on the number of employees in your company.

PPKs in a nutshell

  • The money in a PPK account is the employee’s property and is inherited upon the employee’s death.
  • The employees may withdraw all their money from the PPK account free of charge, once they reach the age of 60.
  • The money may be partly paid out earlier only when the employee is in a difficult situation or wishes to finance his or her own contribution to the purchase of an apartment.
  • Your task as an employer is to set up the PPK in your company and choose the financial institution to manage it.

Latest Information

The deadline to introduce the ECP in your company depends on the number of employees. The implementation process is the same for all companies.
The institution to maintain the ECPs in your company will take responsibility for your money and that of your employees. It will also watch over the transfer and monitoring of contributions. So, choose wisely
The ECP contributions mean saving money for retirement for your employees – apart from that saved in the Social Insurance Institution and Open Pension Funds. This one, however, is voluntary and more flexible.

News

Stay up to date with information about PPK. We will provide them regularly.
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When should your company join the ECP?

number of
employees
mandatory for
employees from:
250 and more* 50 -249 20 - 49 Other
(including the government sector)
01.07.2019 01.01.2020 01.07.2020 01.01.2021
*
  • Deadline to sign the ECP management contract – by October 2019
  • Deadline to sign the ECP maintenance contract – by 12 November 2019
  • Deadline to pay the first ECP contribution: the first remuneration paid  following the signing of the ECP maintenance contract, the contribution has to  be transferred by the 15th day of the month following the month in which the  contributions are calculated and collected by the employer

We are offering support in terms of the subject matter and technology for implementing the ECP


  • View of the current investment status in the transaction service.

  • Information concerning the ECP and the offer of Union Investment TFI available with our hotline.

Why Union Investment?


  • We have been successfully acting in the Polish market for more than 20 years managing assets worth nearly PLN 14 billion.

  • We offer some of the best pension-saving solutions in the market (best Individual Pension Account and Individual Pension Security Account in 2017 according to the ranking by Rzeczpospolita).

  • We offer more than 30 funds with varying investment strategies.

  • We have already been chosen by more than 130,000 Investors.