Auto-subscription to PPK in 2023 – important deadlines

The Employee Capital Plans (so-called PPK) apply the principle of automatic enrollment, which means that the employer is obliged to enroll each employee aged between 18 and 55, unless the employee has submitted a declaration of resignation from making payments to PPK. For persons who have resigned from making payments, applies the so-called auto-subscription, which is renewed every 4 years. In 2023, the first auto-subscription since the creation of the PPK program takes place.

What does auto-subscription to PPK mean?2

The auto-subscription that occurs every 4 years applies to employees who have previously resigned from making payments to PPK. Auto-subscription means that in 2023, employers will have to re-register employees between 18 and 55 who have previously resigned from making contributions to PPK. This also means that the declarations of these employees on resignation from making payments to the PPK will ‘expire’ and those employees who still do not want to use the PPK should re-submit a declaration of resignation. Otherwise, they will be ‘automatically’ enrolled in the programme by their employers.

Important deadlines

By February 28, 2023, employers are required to inform employees that they are covered by auto- subscription to PPK. On this day, the previously submitted declarations of resignation from contributions to PPK also expire – about which the employer should also inform employees. Within this period, employees who will turn 55 before April 1, 2023 may also report their willingness to continue making payments to PPK.

From March 1, 2023 to March 31, 2023 – employees who do not want to use the PPK have time to submit a declaration of resignation from making payments to the PPK. Between those dates employees are also being enrolled in PPK.

April 1, 2023 – from this date, employers start making payments to PPK for each enrolled employee.

Resignation from the PPK after the deadline

An employee may resign from making payments to PPK at any time. From the moment the employee submits such a declaration, the employer is obliged to stop making payments to the PPK on behalf of the employee, and to immediately inform the financial institution of the employee’s resignation – no later than within 7 days of submitting such a declaration.

The declaration of resignation from PPK is effective until the end of February of the year in which the auto-subscription is to take place. The next auto-subscription will take place on April 1, 2027, and the next on April 1, 2031.

The employee may also withdraw from his resignation at any time and submit an application for making payments to the PPK.

You if want to learn more about employment law in Poland – check our online guide: Employment Law in Poland.