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PPK – how to opt out. Important date in 2023 [WZÓR WNIOSKU]

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Employee Capital Plans is a program that is intended to be a way to additionally save for old age. In a situation where the employee is not interested in saving in PPK, he may submit to the employer a declaration of resignation from making payments. We explain how to do it.

Pursuant to the Act of 4 October 2018, participation in PPK is voluntary and each employee may resign from it. However, there is an automatic re-enrollment every 4 years.

If we do not resign, the first payment after March 1, 2023 will be reduced by the payment to the PPK. The money will be transferred to the financial institution (with which our company has an agreement) from April 1 to April 17.

How to resign from PPK?

In a situation where an employee is not interested in saving in the Employee Capital Plans, he or she may submit an application to the employer declaration of resignation from making payments. The declaration requires a written form.

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A declaration of resignation from making payments to the PPK may be submitted by: – ​​an employee who does not want to be enrolled in the PPK. In such a case, the employer does not conclude – on his behalf – a contract for the operation of PPK; – PPK participant – in his case, submitting the declaration stops making (remitting) payments to the PPK.

Resignation from PPK – when the employer stops making payments

The declaration of resignation from making payments to the PPK is valid from the moment of its submission. This means that if it was submitted by an employee who does not want to become a PPK participant, the employer – after receiving this declaration – can no longer conclude a contract for running a PPK on his behalf and for his benefit.

Submission by the current PPK participant of a declaration of resignation from making payments to the PPK obliges the employer to stop paying them, starting from the moment when the PPK participant submitted this declaration.

Application for resignation from the PPK

Declaration of resignation from making payments to PPK

An employee who submits a declaration of resignation from making payments to PPK must take into account that every four years the so-called autosave will be repeated. The next date for auto-saving payments to PPK will be in 2027, and the next one in 2031.

Read more: Nearly 8 million employees face an important choice. We must hurry

Cancellation of resignation from PPK

A declaration of resignation from making payments to PPK can be “revoked” at any time. It is enough to submit an application to the employer for making payments to the PPK.

What is PPK? >> An important decision in front of millions of employees. “This is such a deferred bonus”

Main photo source: Shutterstock



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