Social Security Law No. 1 of 2014, as amended

Who is covered?

Workers are covered from the day they join an establishment, and the employer must register them and pay contributions. Individuals may also subscribe voluntarily.

Contributions

• Calculated on the monthly insured wage, up to a ceiling announced every year.
• The employer's share is 14.25% and the worker's share deducted from wages is 7.5% (for the core insurances).

Payment deadlines

• Contributions are due within the first fifteen days of the following month.
• Late payment carries interest of 1% per month.

Insurances covered

Old age, disability and death; work injuries; maternity; and unemployment.

Practical tip

Update workers' wages with the corporation after every raise, and register each new hire immediately to avoid back-dated claims and interest.