In continuation of the meeting of the Social Insurance Fund on the 27th of October, it is announced that the increase in the “widow’s pension contribution”, which stands at 0.1% and was incorporated into the 0.6% rate, does not need to be taken into account.

So as of 1st of January 2024, the Social Insurance fund will be increased by 0,5%. Hence, the contributions of employees and employers will be increased to 8,8% from the current 8,3% on insurable earnings.

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