ABSL calls for rejecting the bill on rescinding of the upper limit of ZUS contributions. The act will heavily affect wages, cost of doing business and weaken competitiveness of Poland compared to other European countries.
There is no consent from the business represented by ABSL to lift the current limitation of ZUS contributions for employment contracts. The proposed change means reduction in employees’ net wages to 10% and a drastic increase in labor costs by up to 15%.
Today ABSL together with 50 business organizations submitted joint appeal to the Prime Minister regarding planned changes in the ZUS cap.
As we are on the verge of launching of the first Employee Capital Plans (PPKs) many employers are undoubtedly wondering whether it makes sense to “invest” more than the required minimum (the obligatory contribution of the employer is 1.5%, however – the employers may declare a contribution of up to 4%) and what results will such an approach yield? In this context, an even more important question arises: “Do I as an employer, have other options to increase the attractiveness of my retirement benefits package? If I do, how do I do it?”
ABSL once again draws attention to a number of negative effects that will result in the abolition of the social insurance premium limit. Among them are the reduction of competitiveness of Poland and the Polish labor market, the growing gap of qualified employees, which is already a serious challenge for employers and, consequently, the loss of high quality and value of investments in our country.