Information about ECPs

The ECP programme is one of social solidarity and responsibility for employers, employees and the State. ECPs were created for employees to help them save and multiply their private savings for their future – irrespective of the pension system. At the same time, an ECP expresses the employers’ responsibility for employees and their families. It is also a programme characterised by very important social and economic dimensions. In teaching systematic long-term saving, it helps lay the foundations for a stable national economy.

What is the purpose of ECPs?

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Financial security of employees and their families

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Saving for future in a simple and safe manner

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Greater potential for economic development

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Higher quality of life for Polish citizens after completion of their professional activities

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Favourable structure of household savings

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Releasing local capital

How do ECPs operate?

Establishing funds for the employee’s future pension is carried out through the regular transfer of contributions.

The employer's and the employee's contributions are transferred by the employer to a financial institution where they are added to the employee's individual account. The amount of the basic contribution paid by the employer is 1.5% of the given employee's gross remuneration. The employer may also pay an additional contribution, which may amount up to 2.5% of this remuneration. It is important that the contributions made by the Employer do not cause reduce the remuneration received by the employee.

The amount of the basic contribution made by the Employee is 2% of their gross remuneration. The Employee has also the possibility to increase their contribution by an additional payment, which may not exceed another 2% of their remuneration. The Employee’s contributions will reduce the amount of their monthly remuneration, but they remain their property in the form of an investment for their future.

It is worth noting that employees who receive the lowest remuneration, not exceeding 1.2 times the minimum wage stipulated by law, will be allowed to reduce their basic contribution even to 0.5% of their remuneration. It is important that the reduction of the basic contribution will not cause the reduction of the employer's contributions and the State's surcharges – the employee will receive from these entities to their ECP account the same amounts as they would receive paying the contribution of 2%.

Savings paid by the employee and the employer will be supplemented by regular contributions from the State. Each participant will receive for their individual account an additional PLN 240. Moreover, at the beginning employees will receive one-off welcome payment of PLN 250.

In order to facilitate the participant’s management of their ECP accounts, we have prepared a set of tools for employees and employers. Due to this internet application, each participant may quickly check the balance of funds on their account, while thanks to the calculators the employees and employers may check the amount of the contributions and estimated results, e.g. after saving for 5 years.

PFR TFI S.A. 
ul. Krucza 50  |  00-025 Warszawa

 

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  1. the administrator of my personal data is PFR Towarzystwo Funduszy Inwestycyjnych S.A. with its registered office in Warsaw at Krucza 50, 00-025 Warsaw, telephone: 22 341 70 00, e-mail: sekretariat@pfrtfi.pl,
  2. my personal data will be processed in order to be contacted by PFR TFI, pursuant to Article 6(1)(a) of Regulation (EU) 2016/27 April 2016 of the European Parliament and of the Council on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC ("GDPR"),
  3. my personal data will not be passed on to third parties, third countries outside the European Economic Area or international organisations,
  4. my personal data will be stored for the period necessary to contact me by PFR TFI, however, no longer than until the withdrawal of consent to their processing,
  5. I have the right to access the content of my data and the right to rectify, delete, limit the processing and to transfer my data,
  6. I have the right to withdraw my consent to the processing of my personal data and the withdrawal of my consent does not affect the lawfulness of the processing of personal data carried out on the basis of consent prior to its withdrawal,
  7. I have the right to file a complaint with the President of the Office for the Protection of Personal Data.

Providing personal data is voluntary, however it is necessary to contact me by PFR TFI.
The withdrawal of consent to the processing of personal data may take place by submitting a statement by e-mail to dane.osobowe@pfrtfi.pl.

How does it works?

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EMPLOYEE

Constant access to the account with the possibility to check the account balance and transaction history;

Investment policy adjusted to the age of the participant;

Funds may be inherited by authorised persons.

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EMPLOYER

More effective saving due to the employer's and employees’ systematic payments;

An expression of the employers’ social responsibility – care of employees and their families;

Possibility to make an additional contribution as an additional form of rewarding employees.

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STATE

Rewarding employees and employers for systematic saving;

Simple participant-friendly financial programme – clear and transparent provisions of ECPs;

Restrictive conditions for financial institutions managing ECPs.

Kto i ile wpłaca na PPK?
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ECP – BUILDING OUR FUTURE TOGETHER

The main assumption of ECPs is their tripartite character. Funds saved on an ECP account come from three sources: the employee, the employer and the State.

Saving collectively pays off!

The Advantages of ECP

Our priority is to support long-term saving and the creation of financial safety for Polish citizens. We believe that in offering high quality investment products we may change the attitudes of Polish citizens towards saving and, therefore, support them in creating a stable future.

We ensure the highest quality of our financial services. We can achieve this thanks to the experience of our team of experts.

At the same time, PFR TFI was indicated in the Act as the designated institution. The key task of PFR TFI as the designated institution is to guarantee employers and employees widespread access to the ECP offer. PFR TFI is ready to make an agreement with each employer.

Institutions in ECPs

We are part of the Polish Development Fund Group, whose purpose is to ensure instruments favouring development and to increase the investment potential of entrepreneurs, local authorities and private persons.

In ECP management, we use the knowledge and experience of the entire Polish Development Fund Group, which plays the key role for the functioning of the ECP system. In this way we obtain a synergy effect, which we may pass on to our clients in the form of an offer tailored to their needs

DESIGNATED INSTITUTION

As the designated institution, we are aware of the responsibility with which we have been entrusted by the legislator. Our role is to support employees in long-term saving. We also ensure widespread access to the ECP system – we are fully prepared to establish the programme for each employer.

Along with the fulfilment of the designated institution’s obligations, we carry out activities under the same conditions as other Investment Fund Companies (Towarszystwa Funduszy Inwestycyjnych – TFI); that is why we care for the adjustment of what we offer to meet market needs and to fulfil the clients’ expectations.

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RECORDS

  • records of participants

  • register of financial institutions offering ECPs

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DESIGNATED INSTITUTION

  • best practices in ECP management

  • widespread access to ECPs

  • support in ECP management for each employer and employee

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INFORMATION PORTAL

  • training for employers

  • presentation of financial institutions

Our role in ECP system

Our priority is to support long-term saving and the creation of financial safety for Polish citizens. We believe that in offering high quality investment products we may change the attitudes of Polish citizens towards saving and, therefore, support them in creating a stable future.

We ensure the highest quality of our financial services. We can achieve this thanks to the experience of our team of experts.

At the same time, PFR TFI was indicated in the Act as the designated institution. The key task of PFR TFI as the designated institution is to guarantee employers and employees widespread access to the ECP offer. PFR TFI is ready to make an agreement with each employer.

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