AUTOSAVE IN THE PPK (EMPLOYEE CAPITAL PLANS) – ANNOUNCEMENT
Autosave in the PPK in 2023
The employer is obliged to resume making contributions to the Employee Capital Plan (PPK: Pracowniczy Plan Kapitałowy) every 4 years from 1 April (the first time in 2023), for each person employed who has made a declaration to opt out from making contributions to the PPK, unless that person again resigns, by submitting a new declaration to the employer to opt out of making contributions to the PPK.
By the end of February 2023, employees who have made a declaration to opt out of making PPK contributions, will be provided with and required to sign the “Information on resumption of PPK contributions”; -it is the responsibility of the employing entity to provide this information to the PPK participant.
Every four years, the employer will be required to repeat the autosave procedure in the PPK. The first, repeated autosave to this programme will take place in 2023, and then in the following years: 2027, 2031, etc.
The autosave in the PPK in 2023 means that from 1 April 2023, the employer will make payments to the PPK on behalf of the employees.
If the employee has previously submitted a declaration to the employer to opt out of the PPK contributions, this declaration will expire on 28 February 2023 (even if submitted in February 2023)
The repeated autosave refers to persons who have made a declaration of opting out from making contributions to the PPK.
The repeated autosave in the PPK shall not refer to a person who:
- turned 55 before 1 April 2023 and has not applied to her/his employer to enter into a PPK agreement on her/his behalf;
- turned 70 before 1 April 2023 (even if she/he submits an application to her/his employer to enter into a PPK agreement on her/his behalf);
- since 1 March 2023, has submitted again a declaration to the employer to opt out of the PPK contributions,
Important! The earliest that an employee can declare that he or she is no longer making contributions to the PPK is 1 March 2023.
Additional information on the autosave is available at https://www.mojeppk.pl/