The money accumulated in Open Pension Funds (OFE) is inherited after the death of the person who collected it. Not everyone knows. Also, the social security institution, which has these funds, is not obliged to pay them automatically. What to do to get this money back?
Funds from OFE to ZUS sub-account
The deceased person’s funds raised in OFE are on the sub-account. A sub-account is a separate part of the insured person’s account. The sub-accounts are available to members of open pension funds (OFE) and to people who have not decided to enter into an agreement with OFE after 31 January 2014.
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In the event of the death of a person who had funds on the sub-account, ZUS does not inform potential heirs who can receive this money. The heirs must determine this for themselves and apply for funds from the OFE from a close person in the ZUS.
There is no time limit within which money must be requested from the OFE member’s sub-account. Furthermore, there are currently no legal provisions guaranteeing these funds to ZUS or the State Treasury.
How to recover money from ZUS?
It is even more worth knowing what to do to recover OFE funds from the ZUS sub-account.
The recovery of funds accumulated by the deceased must begin with contacting the ZUS headquarters of the deceased.
Then you need to submit a withdrawal or transfer request for these funds. For this purpose, the ZUS USS model is used, which can be downloaded from the ZUS portal.
The claimant must enclose with the USS application, among other things, an abridged copy of the death certificate of the Insured and the original or a certified copy of a final court decision confirming the acquisition of the inheritance, or a certificate of registered deed of succession, informs the portal GS24 .pl.
Inheritance of funds from ZUS: what fee?
ZUS is obligated to pay the funds within 3 months of filing the USS application.
The acquisition of funds by OFE from the ZUS sub-account by way of inheritance is not subject to inheritance and gift tax.
However, the payment to the heir of the funds of the sub-account in question is subject to taxation – ZUS, as the issuer, is obliged to collect flat-rate personal income tax.
KW
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