Change in Employer’s contribution to Social Security
As part of “the law to reduce the national deficit and change in the burden of taxes”, which was published today – August 13, 2012, a raise in the employer’s contribution towards Social Security has been authorized for the next 3 years, as follows:
From the higher level (on the part of salary over 60% of the average wage)
In 2013 – 6.5%
In 2014 – 7%
In 2015 – 7.5%
The current rate in 2012 is 5.9%.
This does not include employees who are pension-age, receiving a old-age stipend from Social Security or foreign workers or employees under age 18.
