Insurance Contributions

Monthly monetary payments made by employees and/or their employers into the social and health insurance system. They fund pensions, unemployment benefits, maternity or temporary disability allowances, healthcare, and other social payments. The amount and distribution of social security contributions are determined by law and depend on income, the type of employment relationship, and the insurance risk. Social security contributions ensure access to social protection in certain events, such as illness, old age, or unemployment. Contributions can be compulsory (e.g. state social insurance, supplementary compulsory pension insurance, health insurance) or voluntary (e.g. voluntary pension insurance).