New social security thresholds

Resource type: Legal Update: archive

Status: Published on 08-Jan-2003

Jurisdiction: Germany

Parliament recently revised the social security thresholds for pension and health insurance contributions. With effect from 1st January, 2003, the ceiling for pension contributions is EUR5,100 (US$5,315) and the ceiling for health insurance contributions EUR3,450 (US$3595). In addition, pension contributions have been increased to 19.5 % of the monthly gross salary (health contributions range from 13.5 to 15.2 %). Social security contributions are shared equally between employee and employer.

Source (in German): Federal Ministry of Economic Affairs, draft legislation, available at www.bmwi.de Isabell H. Weiler, KPMG Beiten Burkhardt, Frankfurt email: iweiler@kpmg.com

 
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  • Resource ID: 4-107-0387
  • Published: 08-Jan-2003
  • Products:  PLC Cross-border, PLC Cross-border Quarterly, PLC Lawdepartment Global, PLC UK Pensions
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