Recently, the Parliament adopted amendments to the Social Insurance System Law (POL: "Ustawa o systemie ubezpieczeń społecznych"). Under the new rules pension insurance contributions will be paid for each mandate contract. The contributions will be deducted from the amount at least equal to the minimum wage. In 2014 it is 1680 PLN. The amendment also provides that the supervisory board members will be subject to compulsory retirement and pension insurance. Provisions related to supervisory board members will be applied from January 1 2015, while those involving mandate contracts will enter into force on January 1st, 2016.
Martin Langa
Associate
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