How high should be insurance premiums?

Every employer employing workers under a contract of employment or contract work is required to pay insurance premiums to the Social Insurance. These types of contributions are paid in part by an employee in part by the employer. The amount of these contributions is as follows:

– Pension premiums- 19.52%

– Disability premiums- 8%

– Sickness premiums- 2.45%

– The resultant premiums- from 0.4% to 3.60%- is determined individually depending on the business and company size.

– Health premiums- 9%

– Labour Fund- 2.45%

– Guaranteed Employee Benefit Fund- 0.10%

– Bridging Pension Fund- 1.50% – is a premium, which is relevant only in certain types of work.