Poles' knowledge of PPK is increasing. In July, over 60 percent heard of them. people employed in large companies. At the end of March and April, 40 percent
Have you heard of employee capital plans, Nationale-Nederlanden asked in the second edition of the PPK through the eyes of the Poles report. 62 per cent of those interviewed answered in the affirmative
At the end of March and April, when preparing the first edition of the report, about 38 per cent of the PPK were heard. the investigated. Higher education employees most often heard about equity plans [1945-9007] (74 percent), middle-aged people (40-49 years – 79 percent), and seniors (73 percent). The percentage of respondents who had heard of PPK increased the most among rural residents (from 37% to 62%). The group with the lowest orientation in this topic is people aged 1
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Almost every fifth employee of a large company rates their PPK knowledge as good. 15 percent of such employees state that they have gathered a great deal of information about this program. 3 percent, he even believes he has extensive knowledge in the field. Still more than 80 percent. respondents believe they know little about this topic. People ages 18-24 are recognized as the greatest ignorance. "I know very little" answered more than half of the youngest employees.
Every third employee (34%) of a large company says they want to save at PPK . The percentage of such people is increasing by 5 percentage points compared to the previous survey. One in four respondents did not decide if they wanted to join a new program. 42 percent of respondents said they would not participate in PPK. Employees aged 18-24 are most likely to save on equity plans. The authors of this program expect that at least 50 percent will start it early. employees. This number is expected to increase over time.
What do we like about PPK? For almost half of the respondents, the most important feature of the program is volunteering and the ability to decide on payments. Nearly 40 percent of respondents estimate that they can cancel and withdraw their savings at any time. The PPK-like group is convinced that they will receive subsidies not only from the employer but also from the state. The provision in the act that you can opt out of saving at any time is especially important for people under 25 (64% of the reading). Every fifth participant in the long-term savings system is convinced that the capital plans will be fully supported by the employer
Almost half of those who have heard of employees' capital plans confirm that their companies are ready to implement the program. Earlier this declaration was filed by 34 percent. respondents. But every fifth respondent claims that his company is not prepared for the introduction of PPK. This means a 5 percentage point increase. compared to the first issue of the survey
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The study confirmed Poles' concerns about long-term savings. The negative experience associated with pension reform (ie, what happened to OFE) discourages 61 percent of PPK. employees of large companies. This means a 5 percentage point increase. in connection with the first edition of the study. The risk of withdrawing money from the state most often discourages people with tertiary education (69%). It can be seen here that the efforts of the government, which wants to quickly resolve the problem of open pension funds and transfer most of their savings money, does not translate into increasing citizens' confidence in such programs. Among other barriers, survey participants mentioned investment risk (39%) and limited access to savings before age 60 (26%). In fact, reduces the percentage of people who claim they cannot afford to save (from 16 to 9 percent). However, almost every tenth respondent admits that they do not understand the program's assumptions.
The survey was conducted in July by a group of 500 employees of companies employing at least 250 people. It was these companies that were the first to join the Equity Plans Program
Last modified: August 4, 2019