An employee who turns 55 is not required to take action to continue saving in the PPK, as the law stipulates that employer contributions remain unchanged regardless of the employee's age.
The article discusses the implications of an employee reaching the age of 55 in regards to Poland's Employee Capital Plans (PPK). It explains that turning 55 does not affect an employer's obligation to make contributions on behalf of the employee to the PPK. Therefore, employees typically do not need to take any action to maintain their participation in the PPK, as long as they remain employed and meet the necessary conditions for signing up.
However, there is an exception for those who turn 55 but have not yet reached 70 years of age. Such individuals must actively submit a request to their employer to be enrolled in the PPK. This process is highlighted to underscore that age factors into the enrollment procedure only for those in this specific age bracket, and it aims at enhancing the individual's control over their savings in the PPK.
The article sheds light on the administrative aspects of PPK participation, emphasizing that while employers have an ongoing obligation, employees nearing retirement age have distinct choices regarding their savings plan. It highlights the importance of awareness for employees in this age range, which could significantly impact their financial planning and retirement saving strategies.
