Poland’s Ministry of Finance has published its second statutory review of Employee Capital Plans (PPK) and circulated it for consultation. The review finds that the program is meeting its objectives and requires no change to its fundamental design, but recommends targeted measures to increase participation, make investment policy more flexible and simplify administration. As of the end of August 2026, PPK had 4.47 million participants with more than 5.59 million active accounts, while the active participation rate had risen from 34.6% in 2022 to 62.26%. Assets increased from about PLN 3.1 billion at the start of 2021 to nearly PLN 58 billion, and cumulative contributions reached PLN 49.95 billion. The first repeat automatic enrollment in 2023 added 721,000 active participants and raised participation by 8.4 percentage points. The recommendations include shortening the interval between automatic enrollments from four years to three and extending automatic participation to people ages 55 to 70. Proposed investment changes would give target date funds greater portfolio flexibility, update investment limits and permit part of their assets to be invested in private market funds. Operational measures would clarify limitation periods for claims, expand electronic participant instructions and improve data exchange among employers, financial institutions and the Polish Development Fund.
Poland's Ministry of Finance consults on Employee Capital Plans review recommending targeted reforms without fundamental redesign
Poland’s Ministry of Finance has opened consultation on a review that endorses the fundamental design of Employee Capital Plans while recommending targeted participation, investment and operational reforms. Proposals include more frequent automatic enrollment, extending it to people ages 55 to 70, greater investment flexibility and simpler administration. The program had 4.47 million participants and nearly PLN 58 billion in assets at the end of August 2026.