Employee Capital Plans (PPK)
The Employee Savings Plans (PPK) is a universal, private and voluntary system of long-term savings. The savings accrue from the contributions of the employees, the employer and the state. The main objective of the PPK is supplementing future retirement compensations with additional savings that will ensure a comfortable retired life, especially in view of the expectations of experts that in twenty or so years our retirement compensations may be as little as 30% of our last salary.
In January 2021 prof. Piotr Jedynak, the Jagiellonian University Vice-Rector for Human Resources and Financial Management, signed an agreement on the management of the Employee Savings Plans with the Towarzystwo Funduszy Inwestycyjnych Nationale Nederlanden Investment Partners, which was selected thanks to offering the best safeguards for the University employees’ interests and which was accepted by the trade unions.
The first employee contribution to the PPK were be subtracted from the salary as of April 2021.
Because the PPK is an entirely voluntary savings system, the employee may abandon it at any time.