Employee Capital Plans at UW
02 lutego 2021As of 1st January 2021, the University of Warsaw, as a public university, has been made subject to the Act of 4th October 2018 on Employee Capital Plans (ECP; Pracownicze Plany Kapitałowe, PPK, in the Polish language).
ECP is a voluntary long-term saving programme, developed and co-financed by employees (employees and contractors subject to obligatory social insurance), employers and the state. Payments financed by the employees, the employer, a welcome payment and an annual surcharge from the state, will be transferred to individual private ECP accounts.
ECP is the programme that gathers ECP participants’ savings regularly. After exceeding the age of 60, one can withdraw funds. There are also other objectives of ECP stated in the above mention act.
Pursuant to the Act on Employee Capital Plans, employed persons are persons obligatorily subject to retirement pension and disability pension in the Republic of Poland:
- Persons employed under an employment agreement, nomination, selection, appointment or cooperative employment agreement;
- Natural persons over the age of 18 who perform work under an agency agreement, contract of commission or other agreement for the provision of services to which, according to article 750 of the Act of 23rd April 1964 – Civil Code the provisions on a contract of mandate apply.
A declaration on resignation from making payments into Employee Capital Plans one can submit as of 1st January 2021:
- Persons employed under an employment agreement can submit the declaration to the UW Human Resources Office or by sending an email to ppk.etat@adm.uw.edu.pl;
- Persons employed under a contract of mandate can submit the declaration to the UW Financial Department or send it via email to ppk.zlecenie@adm.uw.edu.pl.
ECP participants who submitted the declaration of resignation can provide their employer with the written application on making payments to the ECP programme at any time.
More information on ECP is available at www.mojeppk.pl.