The limit for the calculation is ten (10) minimum wages. The premiums will be generated by expired months and will be paid directly to the Social Security Institute (IVSS). Nevertheless, as soon as the Social Security Treasury is created, the Premiums should be paid to the entity between the first five days of each month. Employee’s Monthly Contribution: 0.5% from the normal “collected” salary. Employer’s Monthly Contribution: 2% from the normal “collected” salary for each worker.
