Page 19 - Poland Outlook 2020

contribute 2% of employees remuneration to PKK while employees themselves - 1.5%. When bulked together for millions of working people in Poland, PKK could - at least in theory - create a new opportunity for financial companies that will manage the money to invest on the WSE. The actual impact of PKK will however be clear only later in 2020.
Some analysts suggest PKK could help small and medium sized companies on the WSE because the big players like banks or utilities are much less attractive. Banks because of the looming - even if it is not all too likely now - crisis over CHF mortgages. And utilities because of their ongoing struggle to cope with increased environmental and climate policy requirements (see energy and power above).
PKK have been in effect since July last year, although for companies emplying 250 people or more. From January 2020, PKK are kicking in for companies at least 50 people. Smaller companies will be gradually covered by the new system from July 2020 and January 2021.
19​ Poland Outlook 2020​ ​ ​www.intellinews.com