Employee Capital Plans
Poczta Polska concludes, on behalf of and for the benefit of employed persons (including contractors and persons performing work on the basis of another service provision agreement to which the provisions on mandate apply – hereinafter referred to jointly as "contractors") agreements for the management of Employee Capital Plans (PPK) with the Financial Institution: Pocztylion Arka PTE SA
Signing up for participation in PPK
The condition for participation in PPK is to have worked for the same employer for 3 months (90 days) in the previous 12 months, to be at least 18 years old but less than 70 years old and to be subject to mandatory pension and disability insurance, provided that:
- Contractors aged 18 to 54 are automatically enrolled in the PPK, meaning they don't need to take any action. If they don't wish to participate in the PPK, they can submit a declaration of withdrawal using the form available here.
- Contractors aged 55 to 70 (who are under 70) are enrolled in the Employee Capital Plans (PPK) upon their application to the client. A sample PPK application form is available here.
Contractors who have opted out of the Employee Capital Plan (PPK) may rejoin the Program at any time. To do so, they must submit an Application for Reinstatement of Contributions to the Employee Capital Plan, which is available here.
Contributions to PPK
The basis for calculating PPK contributions is gross salary, i.e., the amount of the pension and disability contribution base. PPK contributions consist of:
- basic payments by the contractor in the amount of 2% of the above remuneration
- basic payments by the client in the amount of 1.5% of the above-mentioned remuneration
- State contributions: annual contributions of PLN 240 and a welcome payment (one-off) of PLN 250
A PPK participant may declare additional contributions to the PPK of up to 2% of their salary. In this situation, their total contribution to the PPK will be 4%. A template for the declaration of an increase in funds contributed to the PPK is available here.
PPK participants whose earnings from various sources do not exceed the equivalent of 1.2 times the minimum wage may reduce their basic contribution to 0.5% of their earnings. A template for the declaration of reduction of funds contributed to PPK is available here.
Submitting declarations and applications
Completed declarations and applications should be sent to the address indicated in the contract or handed over to the contract supervisor from Poczta Polska.
Detailed information regarding, among other things, the rules for using accumulated savings, the possibility of withdrawing or returning them, and investing them can be found on the official information portal of Employee Capital Plans.