Poland expects PLN 650m inflow to social security in 2014
March 5, 2014
The Polish government hopes to garner PLN 650 million in 2014 thanks to introducing a floor on pension and disability benefit premiums tied to commission contracts and imposing premiums on remuneration of supervisory board members, government press office said of draft amendment to the social insurance law adopted at the Tuesday cabinet sitting.
In the case of commission contracts, pension and disability benefit premiums must at least match the level of premiums on minimum wage contracts, the draft stipulates. That premium will be collected from a single contract in a given month if its value matches or exceeds the minimum wage, or from a number of contracts whose total value matches or exceeds the minimum wage.
Furthermore, Poland will impose mandatory premiums on remuneration of supervisory board members, irrespective of whether they are already insured based on other types of contracts.
The changes follow a January announcement by PM Donald Tusk, who said that Poland would take to gradual abolishment of the so-called "junk" job contracts in 2014.