Every 4 years
all those who opted out from PPK are enrolled again. It applies to employees between 18 and 55 years old.
Until the end of February 2023
your resignation was valid. If you submit another resignation after this date, it will expire at the end of February 2027, and so on.
On March 1 this year
the first auto-enrollment in PPK took place. Then your employer concluded on your behalf an agreement for running the Employee Capital Plan with a financial institution.
- All you have to do is submit a declaration of resignation from making payments to PPK to your employer.
- You can download the declaration form here.
- You must take the printed and completed form to your employer, usually to the human resources department.
All declarations of resignation from PPK submitted before February 28 of the autoenrollment year, expire at the beginning of March. This means that if you submit such a declaration before that date, the employer will still enroll you in PPK.
Wypełnij i złóż deklarację o rezygnacji z PPK 1 marca roku z autozapisem lub później. Jeśli jednak nie chcesz, żeby pracodawca odprowadził za Ciebie żadnej składki, nie zwlekaj.
If you do not have a PPK account, after March 1, the employer should immediately sign an appropriate agreement with the financial institution. However, this does not imply any specific date and depending on the company, it can vary significantly.
Your next salary paid after March 1, and if you have never been enrolled, then the next salary after signing the agreement by your employer, will be reduced by PPK contribution.
This contribution is to be transferred to the financial institution by the 15th day of the following month. For example, the contribution collected from the salary on March 10 is to be transferred to PPK account by April 15. But there are also companies that send contributions immediately - ask about it in human resources.
If you opt out from PPK after the contribution is deducted from your salary, but before it goes to the financial institution, these funds will be returned to you.
What happens if I miss the deadline?
It’s nothing to worry about. You can resign from PPK at any time, also after you have been enrolled in PPK and your first contributions have been paid. As in the first step - it is enough to submit a written declaration of resignation to the employer.
If your employer has already sent your contributions to a financial institution, you will see the first savings in your account. Some of them, in the event of resignation, you can always withdraw. But maybe in this case it is worth giving PPK a chance and waiting with opting out?
FACT: The money in PPK is the private property of the participants
MYTH: PPK is the second OFE (Open Pension Funds)
FACT: Participation in PPK slightly reduces the net remuneration
With PPK, you will collect private savings for the future.
Think carefully if you want to opt out.
Take into account that:
● state pensions are getting lower and lower.
● today’s 65-year-olds live on average more than another 16 years (data from the Polish Central Statistical Office).
● you need about PLN 1 million in savings to pay yourself an additional PLN 5,000 per month for 16 years.
Over 3 million people are already participating in PPK.