Social security contributions in detail
The employer pays social security contributions in favour of the employee into the following funds:
- Pension Fund - 22% of remuneration up to RUB 1,150,000 (EUR 15,295) and 10% of remuneration above the threshold;
- Social Insurance Fund - 2.9% of the pay of Russian citizens and 1.8% of the pay of foreign citizens or stateless people for compulsory social insurance for temporary disability and maternity, up to RUB 865,000 (EUR 11,504.50);
- Federal Compulsory Medical Insurance Fund - 5.1% of all remuneration for compulsory medical insurance, without any threshold.
In addition to the above, employers must contribute to an occupational injury and illness insurance scheme administered by the Social Insurance Fund. The contribution rate varies from 0.2% to 8.5% of employees’ pay, depending on the degree of risk involved in the employer’s activities. The employee is not required to make any contributions.
Note that certain reductions are available for particular types of organisations and there are additional payments to the pensions fund for employees with certain types of working conditions.
The employer must pay the contributions monthly. Social security contributions must be paid not later than the 15th day of each month in respect of the previous month. If the last day of the period falls on a weekend or holiday, the deadline is the next business day.
Note: All currency conversions into EUR were made on 1 February 2019, using a mid-market rate.