Employee Capital Plans - current deadlines for employers

16.06.2020

The Anti-Crisis Shield introducing special measures to prevent, counteract and combat COVID-19 has changed the implementation deadlines for the second phase of the Employee Capital Plans (PPK).

Due to the coronavirus pandemic employers hiring at least 50 people as of 30 June 2019 have been given much more time to conclude the required agreements for the PPK, and the second phase of the programme implementation has been linked with the third phase.

Therefore, entities employing from 50 to 249 employees have time to sign the management agreement for the PPK until 27 October 2020 at the latest, and to conclude the agreement for running the PPK until 10 November this year at the latest. The remaining phases of PPK implementation have not been changed.

Below we present the current deadlines for the implementation of the PPK (the changed deadlines are marked in red in the table) 

Employers

Start date of application of provisions of the Act

Deadlines for finalizing agreements

At least 50 people employed as of 30 June 2019

From 1 January 2020

agreement for managing PPK − 27 October 2020 at the latest agreement for running PPK − 10 November 2020 at the latest

At least 20 people employed as of 31 December 2019

From 1 July 2020

agreement for managing PPK − 27 October 2020 at the latest agreement for running PPK − 10 November 2020 at the latest

other employers

From 1 January 2021

agreement for managing PPK − 23 April 2021 at the latest agreement for running PPK − 10 May 2021 at the latest

entities of public finance sector

From 1 January 2021

agreement for managing PPK − 26 March 2021 at the latest agreement for running PPK − 10 April 2021 at the latest

 

Read also: Anti-crisis shield and financing the PPK contributions

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