English version - A request to conclude an agreement for the management of an Employee Capital Plan (PPK)

Warsaw ( current date)
Polish Development Fund S.A.
Krucza 50
00-025 Warsaw
("PFR")

A request to conclude an agreement for the management of an Employee Capital Plan (PPK)

Dear Sirs or Madams,

our information shows that you have not concluded an agreement for the management of an Employee Capital Plan (PPK). This is an obligation provided for in the law¹. That is why, you are requested to:

1. conclude an agreement for the management of an Employee Capital Plan (PPK) with a target-date fund, managed by a designated financial institution, i.e. Polski Fundusz Rozwoju Towarzystwo Funduszy Inwestycyjnych S.A. (PFR TFI) or to submit to PFR – using an online form – information about the conclusion of an agreement for the management of an Employee Capital Plan (PPK) with another financial institution. The time limit to be observed in this case is 30 days from the date of receipt of this request;

2. log on to the website wezwania-ppk.pfr.pl using your Tax Identification Number NIP and TOKEN, fill in the form and send it to PFR (this will take approx. 5-7 minutes).

Online form address:                           wezwania-ppk.pfr.pl
Tax Identification Number NIP:         ${nip}
Token:                                                     ${token}
    

Important! An employing entity that fails to conclude an agreement for the management of an Employee Capital Plan (PPK) may be fined up to 1.5% of that employer’s remuneration budget in the financial year which immediately precedes failure to meet this obligation². In addition, a notification shall be sent to the National Labour Inspectorate.

 

Who does not conclude an agreement for the management of an Employee Capital Plan (PPK)

The following entities do not conclude an agreement for the management of an Employee Capital Plan (PPK):

• an employing entity with the status of a micro-entrepreneur³, to which all the employees submitted a declaration on resignation from making payments into the Employee Capital Plan (PPK)⁴,
• an employing entity which is a natural person and employs, to the extent not connected with this entity’s business activity, a natural person, to the extent not connected with this person’s business activity⁵.

Important! If you are one of such entities, you are also advised to respond to the request and fill in the form at PFR website. In the form please submit to PFR a declaration on meeting the conditions under which you are an entity exempt from the need to execute an agreement for the management of an Employee Capital Plan (PPK)⁶.

Employing entities which do not need to conclude an agreement for the management of an Employee Capital Plan (PPK) also include entities running an Employee Pension Scheme (PPE) that meets the conditions specified by law⁷.

Important! In such a situation, you are also advised to fill in the form at the PFR website and thus submit in this manner a declaration on running the Employee Pension Scheme (PPE), indicating the amount of basic contribution charged and paid to the PPE as specified by the Act on the Employee Pension Schemes of 20 April 2004 along with the percentage share of the employees participating in the PPE ⁸.

 

Additional information

An agreement for the management of an Employee Capital Plan (PPK) may be concluded with PFR TFI in an electronic format, using the form: umowappk.pfrtfi.pl/#wniosekPPK.

More information about the PFR TFI offer can be found at: telephone number 22 539 26 00 or the website www.pfrtfi.pl. Such an agreement for the management can be also concluded with another financial institution - a full list is available at the website www.mojeppk.pl/wezwania.

Please be reminded that when the agreement for the management of an Employee Capital Plan (PPK) is concluded, you are also obliged to conclude an agreement for running the Employee Capital Plan (PPK) for the employees⁹.

Detailed information about the PPK can be found at www.mojeppk.pl/wezwania. Should you have any questions related to the request received or the form, please contact us via our hotline number 22 703 43 63.

We also encourage you to apply for help to our experts from PFR Portal PPK sp. z o.o., i.e. an institution legally authorized to provide information about the Employee Capital Plan (PPK), which offers free of charge support in the PPK implementation, including individual consultations and training. For more information please visit the website www.mojeppk.pl.

 

Legal basis:
[1] Article 134 and Article 8.1 of the Act on Employee Capital Plans (PPK) of 4 October 2018 (consolidated text Dz.U. [Journal of Laws] of 2020, item 1342, as amended),
[2] Article 106 of the Act on Employee Capital Plans (PPK),
[3] Article 7.1(1) of the Entrepreneurs’ Law of 6 March 2018 (consolidated text Dz.U. [Journal of Laws] of 2021, item 162, as amended),
[4] Article 13.1(1) of the Act on Employee Capital Plans (PPK),
[5] Article 13.1(2) of the Act on Employee Capital Plans (PPK),
[6] Article 8.5(c) of the Act on Employee Capital Plans (PPK),
[7] Article 133.1 of the Act on Employee Capital Plans (PPK),
[8] Article 8.5(a) of the Act on Employee Capital Plans (PPK),
[9] Article 134 and Article 16 of the Act on Employee Capital Plans (PPK).