Occupational pension schemes

Polish occupational pension schemes may be operated by a pension institution from another EU Member State. Such situation is regulated by:

• Article 20 of Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision (IORP Directive),

• Budapest Protocol adopted also by Polish Financial Supervision Authority (KNF).

According to Article 20, par. 5 of the IORP Directive, the competent authorities of the host Member State (in Poland – Polish Financial Supervision Authority - KNF) are required to inform the competent authorities of the home Member State of the requirements of social and labour law relevant to the field of occupational pensions in the host Member State.

There are links below to the social and labour law relevent to the operation of occupational schemes in Poland. The main legal act is the Act of April 20th 2004 on Occupational Pension Schemes, but there are also references to the Act of August 28th 1997 on the Organisation and Operation of Pension Funds:

• Act on Occupational Pension Schemes (Polish version – legally binding) and (English translation – only for informational purposes),

• Act on the Organisation and Operation of Pension Funds (Polish version – legally binding) and (English translation – only for informational purposes).