Employee Capital Plans

What do you need to know?

Employee Capital Plans are a common and voluntary pension savings scheme organised by any employer who employs at least one person subject to compulsory pension insurance.

The employer in cooperation with the selected financial institution will open an individual ECP account for you. Monthly payments will be made into the account by you and your employer, while the state will provide a one-time welcome payment and additional annual payments.

The savings accumulated in your ECP account will be your private property and can be inherited.

What are the requirements to be met?

You don't need to do anything to start saving. Any employed person over the age of 18 and under the age of 55 will be automatically enrolled in the programme, provided that she has not given up on making payments to the ECP. Persons between the ages of 55 and 70 can also participate in the program but must give their consent individually.

How to use the product?

As part of the program, you will set aside an amount of 2% of your gross salary. For people who have low incomes, the basic payment may be lower (minimum 0.5% of gross salary).

Moreover, with each payment of salary, the employer will pay an additional 1.5% of this amount to your ECP ACCOUNT. This is guaranteed by law.

Please note that both you and your employer can transfer additional payments to the ECP account, which together with basic deposits can reach a maximum of 8% of gross salary.

What else? You will receive a welcome payment of PLN 250 and an annual payment of PLN 240 each year. Funds collected in the ECP account will be invested in investment funds that limit the level of risk depending on the age of the participant – defined date funds.

Additional information

For more information, on Employee Capital Plans, see the website.