Employee Capital Plans (PPK) are a general, entirely private system of long-term system to save for retirement. PPK is a capital plan for employees which is obligatorily* implemented by employers. Employee participates in PPK on a voluntary basis.
*PPK Act is not applicable to employers who in the dates indicated in the bill run Employee Pension Plans (PPE), calculate and pay basic premium to the benefit of their employees (at least 25% of employees) in the amount of at least 3.5% of their remuneration.
You can combine tax benefits with the advantages offered by investment funds.
Your pension may be equal to
30-40% of your last salary *
The pension system is to a high extent based on the repartition principle which means that the pensions of the current pensioners are funded from the contributions of the current employees.
At present, there are two working persons per one retiree. In 2030, this number will fall to 1.5 person per retiree, and in 2050 this numer may amount to only 0.8 working person per one retiree. **
* source: pension calculator of the Social Security Fund (ZUS)
** source: wyborcza.biz