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EMPLOYEE PENSION PROGRAMS

The employee pension program - what is it?
The social security system reform introduced in 1999 was aimed, among others, at setting up clear and fair principles for calculating retirement pension payments. The amount of future pension allowances, particularly those from the second pillar, will depend on the amount of contributed premiums.
As estimated by various institutions, pensions drawn from the first and second pillar will not be sufficiently high enough to allow people to maintain at retirement the previous standard of living. That is why it is necessary to start building supplementary capital for future retirement benefits today.
Establishing an employee pension program shall produce the following benefits:
1. for the employer:
the company raises its appeal among employees,
the company obtains an exemption from the basic social security (ZUS) premium charges of up to 7% of the employee`s individual salary.
2. for employees:
an additional pension benefit allowing to maintain the heretofore living standards during retirement age,
the future allowance will be exempt from income tax,
after retiring, the employee may choose between receiving regular payments or making a one-time withdrawal.
Pioneer Employee Pension Program
The Pioneer Employee Pension Program requires the employer to sign agreements with all four Pioneer investment funds. As a result, employees may individually select the type of fund appropriate for their age and preferences connected with their level of investment risk acceptance.
The employee may change the originally chosen fund during the course of participating in the program.
Why Pioneer ?
the investment of savings will be determined by Pioneer specialists, who have the longest experience in effective fund management in Poland,
with our extensive experience in cooperating both with individual and institutional customers, we offer smooth and simple services for the program. Pioneer has been maintaining savings plans since 1995, currently in more than 500 companies in Poland,
we offer low costs of setting up and maintaining the Program, which means that the bulk of the premium is invested and is hard at work for the investor`s sake.
Here is what Pioneer offers to partners:
I. Presentations to the Management Board (Directors)
II. Drafting all legal documents necessary to set up the Pioneer Employee Pension Program:
- The company pension contract adjusted to meet company needs,
- The employee pension contract,
- The agreement on payment of premiums to the investment fund.
III. Providing special user friendly computer software and its free of charge servicing rendered by a company which is part of the Pioneer Group.
For additional information call:
(22) 640 40 00 ext. 21 25, 2126 or 0-801 641 641.
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