Parliament OKs social security contribution cut

Romanian parliament commissions for labor and health approved an amendment to the social security budget for 2010, according to which employees’ and employers’ social security contributions will be reduced.  According to the amendment approved by the MPs, the contribution quotas will be set at 21.8 percent for normal labor conditions, of which 9 percent will be paid by employees and 12.8 percent by employers, at 26.8 percent for particular labor conditions and at 31.8 percent for special labor conditions.  According to the social security draft budget, social security contributions should have been maintained at the last year’s level of 31.3 percent, both for employers and employees. Currently, the total contributions paid by employers and employees are of 40.05 percent of the gross wage.

Dana Ciuraru