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CONTRIBUTIONS
The basic source of funding of compulsory insurance (retirement and disability
insurance, health insurance and unemployment insurance) are contributions.
Paying in the prescribed contributions (the control of calculating and
paying of which is in the Republic of Serbia performed by Tax Administration)
establishes resources by which the social insurance institutions (Republic
Fund for Retirement and Disability Insurance, Republic Fund for Health
Insurance and the National Employment Service) execute their duties stipulated
by law and other regulations regulating these areas, that is, provide
contributions from respective areas of insurance (pensions, pecuniary
benefits, medical services, etc.).
The institute of compulsory social insurance contribution is in its entirety
regulated by a single law – the Law on compulsory Social
Insurance Contributions. The law stipulates the contributors calculating
and paying in contributions, contribution bases and contribution rates,
additional contributions for the period of insurance calculated with reduced
service years for retirement, the manner of calculating and paying contributions
in, and the like.
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