Appendix VII (Continued)
Part A (Continued)
Country
PHILIPPINES
USSR
Branches Covered
Sickness, old-age, invalidity and death
Medical care
Sickness, maternity, employ- ment injury, old age,
invalidity and death.
Contributions and Public Subsidies
Insured person: about 3% of earnings according to wage class. Employer: 4% of payroll according to wage class. Government: remaining cost, if any.
For employees covered by the social security scheme, the insured persons and employers each pay about 1.2% of earnings according to wage class.
Insured person:
Nil.
Employer: about 4.4%-9% of payroll, according to industry. Government: excess of expenditure over employers' contributions allocated to pensions (roughly 50% of the cost).
Country
INDIA
Part B
Statutory Provident Funds
Contributions by Employee
6,25% of pay (or 8% for factories employ- ing 50 or more workers).
MALAYSIA
5% of pay
SINGAPORE
SRI LANKA
None if earnings below $200 per month. For earnings between $200-$363 the contri- bution is one-third of the difference between ordinary monthly wages and $200. For earnings over $363, 15% up to a maximum contribution of $225, plus 15% of any bonus or additional wages.
6% of earnings.
Contributions by Employer
6.25% of pay (or 8% for factories employing 50 or more workers).
5% of pay
15% for employees whose ordinary monthly wage is below $200 per month and for ordinary monthly wages between $200-$363. For earnings of more than $363, 15% with maximum contribution of $225 plus 15% of any bonus or additional wages.
9% of payroll
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