ARTICLE · 17 JANUARY 2018

Expected Developments In The Pension System

Wolf Theiss

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In July 2016 the Polish Minister of Finance proposed the Capital Development Program; a comprehensive plan for developing a voluntarily funded pension system with long term saving products in Poland.

PolandEmployment and HR

Paulina Przewoznik

Introduction Of Employee Capital Plans

In July 2016 the Polish Minister of Finance proposed the Capital Development Program; a comprehensive plan for developing a voluntarily funded pension system with long term saving products in Poland. It includes eight major pillars. In this alert we will describe one of the main pillars which aims to establish a public system of voluntary saving for retirement in the corporate sector to be known as Employee Capital Plans ["PPK"].

The Act implementing PPK should have been published between June and July 2017. Although it has not been published yet (only presented to the Council of Ministers), we are able to make the following assumptions about the Act based on the limited information we currently have:

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