Substantial Reduction of Social Security Contribution, Approved by the Lawmakers

One of the amendments to the social security budget for 2010 approved today by Romanian parliament commissions for labor and health states that employees’ and employers’ social security contributions will be reduced, although the draft budget stipulated they would remain at the last year’s level.

 

According to the amendment, the contribution quotas will be set at 21.8% for normal labor conditions, of which 9% will be paid by employees and 12.8% by employers, at 26.8% for particular labor conditions and at 31.8% for special labor conditions.

 

Initially, social security contribution for normal labor conditions should have been of 31.3%, as in 2009, of which 10.5% were to be paid by employees and 20.8% by employers, social security contribution for particular labor conditions should have been kept at 36.3%, and that for special labor conditions at 41.3%.