Contribution rates of the social insurances for 2012

Contribution rates of the employers and the employees for 2012 are currently established by the two normative acts: Law No: 294/2011 Law on social state insurance budget in 2012, published in the Official Monitor no. 913 and the Law No: 293/2011- Law on state budget in 2012, published in the Official Monitor no. 914 of 22 December 2011.

Contribution to the social insurances

For 2012, the contribution rates of the social insurances are:

Contribution rates of the employers and the employees for 2012 are currently established by the two normative acts: Law No: 294/2011 Law on social state insurance budget in 2012, published in the Official Monitor no. 913 and the Law No: 293/2011- Law on state budget in 2012, published in the Official Monitor no. 914 of 22 December 2011.

Contribution to the social insurances

For 2012, the contribution rates of the social insurances are:

• 31,3% for normal working conditions, owed by the employer and employees, from which 10,5% are owed by the employees and 20,8% by the employers;

• 36,3% for particular working conditions, owed by the employer and employees, from which 10,5% are owed by the employees and 25,8% by the employers;

• 41,3% for special working conditions, owed by the employer and employees, from which 10,5% are owed by the employees and 30,8% by the employers.

In the rate of individual social insurance contributions, is included that of 3.5% related to private pension funds, provided by the Law No: 411/2004 regarding the private pension funds.

Unemployment contributions

Contributions to the unemployment insurance budget for 2012 are:

• 0,5% -contribution owed by the employers

• 0,5%- individual contribution

Employers owe a contribution of insurance for work accidents and professional diseases, differentiated according to risk class, ranging from 0.15% – 0.85% as well as 0.25% contribution to the Guarantee Fund for payment of debts salary.

Health contributions

Contribution rates for health insurance are those provided by the Law No: 95/2006, namely:

• 5,2% for the rate owed by the employers

• 10,7% for the rate owed by the mentioned persons at art. 259, par.(6) from Law No: 95/2006 with amendments and supplements

• 5,5% for other categories of people who pay their required contribution.

Briefly:

Contributions owed by the employer are the following:

• Pension contribution:

1. Normal working conditions- 20,8%

2. Particular working conditions- 25,8%

3. Special working conditions- 30,8%

• Health insurance contribution- 5,2%

• Contribution for leaves and allowances- 0,85%

• Contribution owed to the budget for unemployment insurance- 0,5%

• Contribution owed to the Guarantee Fund for payment of the wage claims- 0,25%

• Contribution due to the risk class between 0,15 and 0,85%.

Contribution rates owed by the employees are:

• Individual contribution for social- pension insurance- 10,5%

• Individual contribution for health insurance- 5,5%

• Individual contribution owed to the insurance budget for unemployment- 0,5%

Law 294/2011 also establishes the amount of money in case of death:

• If the insured or the pensioner passed away, the amount of this aid is of 2,117 lei;

• If a family member of the insured or the pensioner passed away, the amount of this aid is 1,059 lei;

At the same time, under the same law, the gross average wage is 2,117 lei in 2012.