Participants of employee capital plans conducted by PKO TFI have accumulated over PLN 1 billion in their accounts. Half a year was enough for the sum of funds accumulated under this pension scheme at PKO TFI to double.
– Currently, we have nearly half a million program participants, whose bills received at least the first contributions. The number of such accounts at PKO TFI is systematically growing. Only in a month we recorded an increase of over 25 thousand. – Piotr Żochowski, president of PKO TFI commented on these results. – The PPK program is gradually gaining more and more supporters and arouses more and more trust. The example of employees actively participating in it has a positive effect on other people who hesitate to participate in PPK – he added.
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Already in the first stage of the implementation of the PPK, which in the second half of 2019 took over the largest companies, PKO TFI, i.e. a company of the PKO Bank Polski Capital Group, won the leading position. Currently, it has nearly 35 percent. share in the PPK assets market. Also, the two subsequent stages of the implementation of the employee capital plan program from the end of last year, which were covered by small and medium-sized enterprises, PKO TFI can be considered very successful. – The experience in the field of earlier implementation and maintenance of twin employee pension plans to PPK (PKO TFI maintains nearly 81.5 thousand of these accounts), among other things, contributed to the fact that we gained the trust of both large and medium-sized companies in the private sector and important sector institutions public finances – explains PKO TFI.
At the beginning of this year, the last stage of PPK implementation began. It includes micro-companies that, apart from the owner, employ at least one employee and public institutions, in other words, the budget. PKO TFI praised the fact that, ahead of the deadlines for the launch of employee capital plans under this stage, contracts for the operation of PPK have already been signed by the Social Insurance Institution and the National Labor Inspectorate, Chief Labor Inspectorate.
Pursuant to the Act on PPK, public institutions have until March 26, 2021 to sign PPK management contracts with financial institutions of their choice and until April 10, 2021, contracts for the operation of PPK. The deadlines for micro-enterprises are April 23, 2021 and May 10, 2021, respectively.
The total amount of assets accumulated on the accounts of the participants of the employee capital plan program in all 19 financial institutions admitted to managing the PPK amounts to PLN 3 billion. This money is mostly invested in shares of companies on the Warsaw Stock Exchange.
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