Employee Capital Plans In Poland

On February 15, 2018 the long awaited draft of the Act on Employee Capital Plans (Polish acronym: PPK) was published. According to the draft, on January 1, 2019 the largest employers may be faced with an obligation to set up a PPK. The planned legislation significantly increases public burdens and imposes new obligations on employers relating to the need to create PPK.

Not only for employees

According to the draft, PPKs will be set up for a wide variety of persons ‒ not just those working on employment contracts ‒ including individuals working on agency agreements, mandate contracts or other service agreements, supervisory board members who are remunerated for their duties, and people engaged in cottage industries / home work or agricultural co-operatives.