The government hopes that 5.5 mln Poles will start saving in the so-called III pillar, despite the fact that this will lower their current income. – For many people, current income is far more important than the future pension. Moreover, trust in the state’s pension projects is low – remarks expert of Employers of Poland Łukasz Kozłowski.
The details of the Capital Growth Plan, involving the quasi-obligatory participation in the III pillar are getting more clear. Employees are to be automatically assigned to personal capital plans PPK and take 3 months to decide whether they want to stay.
The government has prepared incentives for people to stay in the III pillar, but costs cannot be avoided. PPK contributions will not lower the obligatory ZUS contributions. Therefore, this additional form of pension insurance will result in lower net wages and higher costs for employers.