Mateusz Morawiecki on Employee Capital Plans: ECP will guarantee decent pensions

Employee Capital Plans (ECP) is a voluntary, additional system of saving for pension. This is the first Polish comprehensive programme of long-term, completely private and additional saving, co-created and co-financed by the state, employers and employees. Funds collected in the employee’s individual accounts will be their property only – can be paid out at any time and can be inherited. Also, additional state support was provided for, in a form of a one-time welcome payment of PLN 250 for each ECP participant and annual payments to the account of the programme participant, so-called annual payment of PLN 240 (paid out after meeting the requirements specified in the Act). The employee’s ECP account will also be topped up by payments made by the employer. The employer will be obliged to monthly allocate for these payments 1.5% of the employee’s gross remuneration.

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Photo: Adam Guz / Chancellery of The Prime Minister of Poland

The programme can be joined by each employed person who is subject to obligatory pension and annuity insurance and after turning sixty he/she will be able to use saved funds.

Employee Capital Plans are the programme which gives both a possibility of ensuring decent pension and life and a guarantee on the part of the state said the Prime Minister at the conference inaugurating the programme.

The Head of the Government stressed that that system responded to the society’s needs. We took account of social opinions stating that employees who earn less should be able to participate in this programme, in a manner which is as easy on their wallets as possible he said.

The Prime Minister also reminded that almost four months before Poland had been included in the group of developed countries, where such pension programmes are in operation. We start the programme of building, on the one hand, a strong society based on long-term pension savings and, on the other hand, an economic development programme so that these funds could be safely invested highlighted the Prime Minister.

The Minister of Finance, Teresa Czerwińska, said that ECP was a safe and effective plan of investments, which was a key element of building a strong economy.

More information on the programme can be found on the website:

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