The amendment to the Act on Employee Capital Plans (PPK) provides for the implementation of important changes aimed at simplifying PPK running. The definition of an employing entity will be extended, employees will be able to join the programme sooner, and micro-entrepreneurs will have to inform about the reasons for not implementing PPK.
The amendment to the PPK Act was announced on 20 May 2022 and most of the new provisions come into force on 4 June 2022. The changes to the PPK Act were introduced by the Act of 28 April 2022 on the principles of implementation of the tasks financed from European funds in the financial perspective 2021-2027.
Changes to the PPK effective from 4 June 2022:
The above-mentioned changes are intended to make the current regulations more precise, so that the administration of PPK will be much easier for employers, and at the same time more employees will be interested in saving money in Employee Capital Plans.
Certainly, one of the key changes is the possibility to enrol a newly employed person as early as 14 days after the date of employment. This will reduce the gap in saving for the future retirement. Another important change is the granting of the status of an employing entity to entities with no identification number. This will allow people employed in companies in which social contributions and remuneration duties are outsourced to third parties to join the PPK. All the changes listed above come into force on 4 June 2022. However, the amendment also provides for the changes to take effect in the autumn or as of July 2019.
Other changes regarding the operation of Employee Capital Plans and the dates of their entry into force:
Following the amendment, the operation and administration of the PPK is to be simplified. Therefore, the amendment is to be considered positive.
Learn more: PFR table with the PPK change register
How can we help? Explore our comprehensive service: PPK support services
+48 22 295 32 00
NIP: 526-001-29-88, KRS: 0000028831,
REGON: 012548510. The District Court for the
capital city of Warsaw, XIII Commercial Division