PARTICIPATION IN PENSION PLANS WITH AUTOMATIC RECORD - GENDER DIFFERENTIATION

Poland is one of the countries in which the model of defined contribution is obligatory in both pension pillars – public and private. The pension in that model depends on two basis variables, i.e. gathered capital and on further life expectancy in the moment of calculating the pension benefit. As a result, in that countries where a lower retirement age is set for women than for men – for example in Poland - they receive - in defined contribution systems - lower pension benefits. For this reason, it is necessary to encourage women to save voluntarily for elderly age, and for this reason the state is activating Poles to save for elderly age by creating institutionalized savings programs, such as employee capital plans (pl. pracownicze plany kapitałowe – PPK). In view of the above, the purpose of this article is to present savings in employee equity plans, with a special focus on gender as a determinant of this decision. As the research presented in the article indicates, the majority of people are opting out of saving in PPKs - saving, which in the light of declining replacement rates is very important. Unfortunately, despite the exposure to lower pensions, women more often, than men, choose not to stay in PPK.