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deAlina Isac October 9, 2008

Contribution rates to social security and unemployment insurance fund will decrease from the 1st of December 2008

According to the state social insurance law for the year 2008, no. 387/2007, contribution rates will change from the months of December this year. The new rates of contribution are as follows:

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According to the state social insurance law for the year 2008, no. 387/2007, contribution rates will change from the months of December this year. The new rates of contribution are as follows:

According to the state social insurance law for the year 2008, no. 387/2007, contribution rates will change from the months of December this year. The new rates of contribution are as follows:

  • for normal working conditions 27.5%;
  • for extraordinary working conditions 32.5%;
  • for special working conditions 37.5%.

Currently, the rates of social security contribution, differently established based on the working conditions are:

  • for normal working conditions 29%;
  • for extraordinary working conditions 34%;
  • for special working conditions 39%.

The contribution rate for individual social security insurance will be maintained at 9.5%, regardless of the working conditions. The individual contribution rate also includes the 2% rate related to pension funds privately managed as by the provisions of Law no. 411/2004.

The unemployment insurance rates will also be decreased starting with the 1st of December 2008. Thus, the contribution of the employers to the unemployment insurance find will be 0.5%, compared with 1% as currently. The rate applies to the amount of income which constitutes the basis for calculating the individual contribution to the budget for unemployment insurance, specifically the monthly gross income for each employee. At the same time, the rate retained from employees will be maintained at 0.5%.

In the case of insured persons under contract for unemployment insurance, individual contribution rate will be 1%, since December, compared to the current level of 1.5%.

Also from the 1st of December 2008, we will note rates decreases regarding the social security contributions for health that employers have to pay to the budget of the National Unique Fund for Social Health Insurances. The new applicable rate will be 5.2% vs. 5.5% as it is today.