Social Insurance Premium Rates valid as of January 1 2019

Social Insurance Premium Rates valid as of January 1, 2019

1) The minimum assessment basis for the period from January 1 2019 until December 31 2019 is determined for the compulsorily insured self -employed person and the voluntarily insured person in the amount of 50% of one twelfth of the general assessment basis for the calendar year preceding by two years the calendar year when the social insurance premium is paid, i.e. 477,00 €. The minimum assessment basis for the employee is as of January 2010 not regulated for the purposes of social insurance; however, the employer is legally liable to remunerate the employee in compliance with legal provisions on the minimum wage.

2) The maximum assessment basis valid as of January 1 2019 until December 31 2019 is equal for all social insurance funds: sickness insurance, pension insurance, unemployment insurance, guarantee insurance, Reserve Fund of Solidarity (with the exception of accident insurance) representing the sum 6 678,00 €

3) As of July 1 2018 or October 1 2018 or as of the day of re-acquisition the licence of the self- employed person or the licence to perform the activity, or as of the day of re-performing this activity according to the Declaration of Honour (in activities which could be performed without a licence) after these dates (in the period until June 30, 2019, or until September 30, 2019), the compulsory sickness and compulsory pension insurance originates for those self – employed persons whose income (without deducting expenses) earned in 2017 was higher than 12 –multiple of a minimum assessment basis valid in 2018 (12 x 456,50 = 5 472,00 €), i.e. it is higher than 5 472,00 €.

As of July 1 2019, or October 1, 2019 or as of the day of re-acquisition the licence of the self- employed person or the licence to perform the activity, or as of the day of re-performing this activity according to the Declaration of Honour (in activities which could be performed without a licence) after these dates (in the period until June 30, 2020 or until September 30, 2020), the compulsory sickness and compulsory pension insurance originates to those self –employed persons, whose income (without deducting expenses) was for the year 2018 higher than 12-multiple of the minimum assessment basis valid in 2019 (12 x 477,00 € = 5 724,00 €), i.e. higher than 5 724,00 €.

4) A person who is concurrently voluntarily sickness insured and voluntarily pension insured and voluntarily unemployment insured determines the assessment basis in legally established limits himself/herself. A person who is concurrently voluntarily sickness insured and voluntarily pension insured determines the assessment basis in legally established limits himself/herself. A person who is concurrently voluntarily pension insured and voluntarily unemployment insured determines the assessment basis in legally established limits himself/herself.

A person who is voluntarily pension insured or voluntarily unemployment insured determines the assessment basis in legally established limits himself/herself.

On condition the person is voluntarily pension insured, he/she is obliged to pay premium also to the Reserve Fund of Solidarity.

A voluntarily sickness insured person, voluntarily pension insured person and voluntarily unemployment insured person can change the assessment basis after elapsing 6 months from the last determination of the assessment basis done by this person at earliest, whereby the premium related to the changed assessment basis is due as of the first day of the calendar month following the month, in which the change concerned was announced in writing to the Social Insurance Agency.

5) State pays premium for old age pension insurance, invalidity insurance and premium to the Reserve Fund of Solidarity on behalf of:

• a natural person residing in the territory of the Slovak Republic duly taking care of a child up to six years of age, residing in the territory of the Slovak Republic, who due to this care has registered for pension insurance with the Social Insurance Agency; if such a person is not entitled to parental allowances. If a person is entitled to parental allowance, the Social Insurance Agency will immediately register his/her commencement of insurance coverage as the insured person covered by state insurance system on the basis of data from the Central Office for Labour, Social Affairs and the Family./UPSVaR/ A natural person is obliged to apply for de-registration from this insurance system till 8 days from termination of ordinary childcare.
• a natural person residing in the territory of the Slovak Republic duly taking care of a child with a long-term unfavourable health condition after reaching six years of his age up to the age of 18 at longest, residing in the territory of the Slovak Republic. Applying for registration by this person due to this care shall not be a condition. Based on information from UPSVaR and data found via own medical assessment, the Social Insurance Agency will provide the information to natural persons on the possibility to make an assessment of the child´s health status. A natural person is obliged to apply for de-registration from this insurance system till 8 days from termination of ordinary childcare.
• a natural person residing in the territory of the Slovak Republic receiving the cash allowance related to nursing of a natural person, the person concerned is contracted to carry out the personal assistance of a natural person with a severe heath handicap for at least 140 hrs per month. In respect of the application submitted by this person, it is replaced by automated data disclosure from the institution UPSVaR, if a Contract on Personal Assistance Contract is not submitted to the relevant employment office, the personal assistant is able to file an application for compulsory pension insurance and the payment of the insurance premium by the State.
• a volunteer-military - voluntary soldiers (as of 2^nd January 2016)
• a compulsorily sickness insured, compulsorily pension insured and compulsorily unemployment insured employee with a regular monthly income, a compulsorily pension insured employee with an irregular income and a compulsorily sickness and pension insured self -employed person within a period of receiving the maternity benefit;

6) The uniform premium rate is established for accident insurance premiums in the present amount. The employer pays the accident insurance premium representing 0.8% of the assessment basis of an employee

7) The accident insurance premium must be added to the total amount of premium. It is calculated from the real assessment basis of an employee due to the fact that the assessment basis for paying accident insurance premium is not limited by the highest amount.

*The invalidity insurance premium is not paid:

• by an insuree who is pension insured after awarding the old age or early old age pension, or in case he/she receives the service pension according to the special decree and has reached the pensionable age
• by an employer on behalf of the employee who is pension insured after the old age pension or early old age pension has been awarded, or on condition he/she receives the service pension and have reached the pensionable age.

** The unemployment insurance does not relate to:

• an employee according to a special decree (e.g. Art. 102 para 2 of Act No. 385/2000 Coll. of laws on Judges and Cojudices as amended by later regulations in wording of Act. No. 517/2008 Coll. of laws, Art. 146 para 3 of Act No. 154/2001 Coll. of laws on Prosecutors and Notarial Candidates of Prosecution),
• the accused of crime in detention and accused of crime in jail,
• a natural person who has been awarded the old age pension, early old age pension or invalidity pension due to decreased ability to perform gainful activity by more than 70% and the natural person who has been awarded invalidity pension or has reached the pensionable age.

Note: The assessment basis is rounded to the nearest Euro cent direction down. The amount of premium for respective types of insurance and premium for the Reserve Fund of Solidarity from the assessment base is determined independently. Respective premium amounts are rounded to the nearest Euro cents direction down.