The Company (or PTE) is the manager of PKO BP Bankowy Otwarty Fundusz Emerytalny (OFE or an open pension fund). Open pension funds form part of the mandatory pension system, in which they constitute the second pillar. Fund membership rules here have a statutory basis. The relevant provisions state that every person in employment outside of the agricultural sector and born after the date of 31 December 1968 is required to execute an agreement with one of the open pension funds involved in management of a certain part of the insured persons' social insurance contributions towards their pension insurance.
In combination with its outstanding investment performance, PKO BP Bankowy OFE's strong association with the PKO Bank Polski brand and its utilisation of the Bank's distribution channels have contributed to substantial growth in the course of 2010 in the number of customers who have committed their funds to PKO BP Bankowy OFE's stewardship. As a result, total assets under management now exceed PLN 6.5 billion.