In November 2018, a ECP working group was established, which includes companies that intend to provide services related to ECP.
ProService Finteco as a leading transfer agent, actively participates in the doings of the working group which aims to develop a standard for data exchange between employers and entities providing PPK services.
The development and implementation of the data exchange standard will enable fully automatic transfer of information about ECP participants from HR and payroll systems operating on the market to the transfer agent system functioning in ProService Finteco.
The Act on Employee Capital Plans, signed by the President of the Republic of Poland, will enter into force on January 1, 2019 and will apply to all companies which employ persons under employment contracts and civil law contracts. Large companies employing over 250 employees will be required to create ECPs – from July 1, 2019.
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