At Supra Brokers SA, we also provide customer support services in the implementation of the PPK project. In 2019, the Act on Employee Capital Plans (PPK) came into force. The principles of creating and functioning of employee capital plans are regulated by the Act of October 4, 2018 on employee capital plans (Journal of Laws of 2018, item 2215 as amended), hereinafter the Act on PPK. Thus, Poland became the first country in the region to create a model of universal and voluntary employee savings.
It is up to the employer to choose the most advantageous PPK management service provider that will manage the employees' accumulated cash, as well as the amount of monthly payments made.
People aged 18 to 55, employed on the basis of both an employment contract and other contracts, from which the employer pays obligatory social security contributions will be automatically enrolled in the PPK. Employees aged 55 to 70 can save under the PPK, if they express their will and submit a declaration of accession to the employer.
Employee's payment: 2% of gross remuneration + voluntarily up to 2%
Employer payment: 1.5% of gross salary + voluntarily up to 2.5%
State payment: PLN 250 as a welcome + PLN 240 surcharge every year
Entities performing medical activities:
According to Art. 134 sec. 1 of the PPK Act, the obligation to apply the provisions of this Act is imposed on employing entities gradually, depending on the number of employees. However, according to Art. 137 of the PPK Act, in the case of employing entities that are entities belonging to the public finance sector within the meaning of Art. 9 of the Act of 27 August 2009 on Public Finance, the obligation referred to in Art. 8 sec. 1 of the PPK Act, is established on January 1, 2021. Therefore, in order to determine the date of covering a given employing entity with the obligations resulting from the PPK Act, it is first necessary to decide whether it is a unit belonging to the public finance sector. In the catalog of public finance sector units indicated in art. 9 point 10 of the Public Finance Act, we find "independent public health care institutions", so the provisions of the Act on PPK will apply to these entities from January 1, 2021. The PPK management contract will be concluded by these entities by March 26, 2021, and an agreement for running a PPK by April 10, 2021 at the latest.Educational institutions:
Kindergartens, schools and other educational institutions that are budgetary units (established and run by ministers or local government units) - as employing entities that are part of the public finance sector, within the meaning of art. 9 of the Public Finance Act of August 27, 2009 - are obliged to apply the provisions of the PPK Act from January 1, 2021, regardless of how many employees they employ. According to Art. 137 of the PPK Act, employing entities that are entities forming part of the public finance sector should include: Agreement for the management of the PPK - by March 26, 2021 at the latest.
Agreement for running a PPK - by April 10, 2021 at the latest.
The above-mentioned deadlines for the establishment of the PPK also apply to public universities (established by the state, represented by the competent authority or public administration), which also form part of the public finance sector.