The Employee Capital Plan is an element of the pension reform planned for 2019. What will bring us good as an employee and what will be the responsibility of the employer?

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New retirement

Large corporations and companies will soon, in 2019, be able to offer capital plans to their employees. Small and medium-sized companies will only be covered by this option in 2020. The mandatory contribution for the employer may range from 3,5% to even 8%. The state will also have its share in this, because it will provide a welcome contribution of PLN 250, and an additional annual surcharge of up to PLN 240. Yesterday, on October 4.10 to be precise, the Sejm passed the Act on PKK, i.e. a universal, voluntary and private savings system that will be created by employees, employers and the state.

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Funds available after the age of 60

Currently, in Poland the retirement age is 60 for women and 65 for men. Unfortunately, despite paying pension contributions, many of us cannot count on the good pension rate we are entitled to. The Employee Capital Plan assumes support employees of given companies, taking part in this program, in the long-term collection of money, but also in its multiplication. A person will be able to take such limited measures when they turn 60.

Employee Capital Plan and amounts of contributions

As an employer, we will be obliged to pay a basic contribution for the employee in the amount of 1,5% of gross remuneration, but also a voluntary contribution of up to 2,5%. This second, voluntary contribution will depend on the employer, and its amount should be determined by the position employee and length of service. The employee, in turn, will pay a basic contribution of 2% of his gross salary and a voluntary contribution of a maximum of 2%. It is important to remember that the contributions we will pay will be deducted from our net salary, i.e. from what we already receive "on hand".

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Funds are inherited

Subscriptions are a very important issue, because in fact, employees will be automatically enrolled in the Employee Capital Plan, but they will always be able to unsubscribe from it at any time. Additionally, the accumulated funds are not lost on the employee's day of death, but are inherited.

The place of our savings

The place where we will put aside our valuable money will be the Investment Fund Company, insurance companies, employee pension companies that have permits to conduct their business and universal pension companies.

Date of entry

In fact, the Employee Capital Plan and the date of its entry depends on the size of the company in which it will be introduced. The largest companies that employ more than 250 people will begin to comply with the rules of the Polish State Railways from July 1.07.2019, 50. Those smaller businesses that employ less than 1.01.2020 employees from 20/1.07.2020/XNUMX, and those that employ at least XNUMX people only from XNUMX/XNUMX/XNUMX.