The Bridging Pensions Fund

The Bridging Pensions Fund (Fundusz Emerytur Pomostowych, FEP) is a special purpose state fund. It was established on 1 January 2010 by virtue of the Act of 19 December 2008 on old-age bridging pensions to finance bridging pensions. The Fund is administered by the Social Insurance Institution.
The revenues of the Bridging Pensions Fund originate inter alia from:

  • contributions to the Fund,
  • State Budget allocation,
  • interest on Fund bank accounts,
  • investment of available FEP funds.

Within the limits fixed by Budgetary Law, FEP may receive allocations from the State Budget. They may be used to supplement funds for the payment of bridging pensions.
Available FEP funds may be invested in bank deposits and in Treasury securities.
Contributions to the Bridging Pensions Fund are paid for an employee who meets in full the following conditions:

  • was born after 31 December 1948,
  • performs works in special conditions or of a special character.

The obligation to pay FEP contributions for an employee arises on the day when the employee starts to perform work in special conditions or of a special character, and expires on the day when the person concerned ceased to perform such work.
The FEP contribution is payable at a rate of 1.5% of the contribution assessment basis and is fully financed by the contribution payer. The contribution is calculated based on the assessment basis of the pension insurance contribution. The contribution assessment basis is subject to the same limitations as when calculating social insurance contributions.
The total amount of contributions transferred to FEP in 2014 was PLN 229.3 million.

(Note: 1 EUR = ca 4.32 PLN)