TNAG-0531-FCO40-626-Application-of-International-Labour-Convention-to-Hong-Kong-1975 — Page 71

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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