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Saturday, 20.04.2024, 01:41
Latvians involved in economic activity or earning author's fees to make 5% social contributions
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Six
committee members voted for the proposal, while four were against.
Most committee members harshly criticized Welfare
Ministry's idea that 5% social contributions would have to be paid into the
third-tier pension scheme.
The amendments that the Social and Employment Matters
Committee endorsed today also stipulate that 1% of social contributions would
go to healthcare.
As reported, on July 25 the government supported draft
amendments stipulating that people involved in economic activity and those
earning author's fees and royalties will be required to pay 5% mandatory social
security contributions in order to save up for pensions.
The government, however, did not discuss which pension
scheme the contributions would go to, and left the decision to Saeima Social
and Employment Matters Committee.
The Welfare Ministry said before that, under the new
legislation, the 5% social contributions would be paid into the third-pillar
pension scheme.
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