Employee Capital Plans in 2023

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The net assets of the target date funds of Employee Capital Plans (ECP) at the end of 2023 amounted to PLN 21.8 billion, compared to PLN 12.0 billion at the end of 2022.

Employee Capital Plans (ECP) is a voluntary, long-term saving program in which contributions are collected jointly by employees, employers and the state1.

The funds collected in ECP are invested in investment funds, so-called target date funds2. Individuals starting to save in ECP are automatically assigned to a specific category of target date funds based on their date of birth. Each of the target date funds has its own investment policy, which changes over time due to the need to reduce the level of investment risk as fund participants age.

1 www.mojeppk.pl

2 The year assigned to the name of a given fund (the fund’s target date) determines the year in which age 60 is reached by persons born in the year that is the middle of the age range for which a given target date fund is appropriate.