Cuota Obrero Patronal

Worker - employer rate What is worker – employer rate? These are fees charged by the social security institution for each worker that is dependent on an employer (company) and they areworker-employer because they are paid by both parts depending on the percentage that is established by the social security institution. The worker pays only a share depending on the percentage established by thelaw in that year and they are determined on the basis of his gross salary and it covers the following:     IVM (physical disability and death), Sickness and maternity, Accidents at work(professional risk), Relief of funeral homes and other contingencies that may be subject to social insurance for the physical, mental and social and economic rehabilitation of the areas incorporated into theSocial security system.

To explain this to detail below: Since January 1, 2011, the social security institution reported changes on the worker-Employer quota, where the 9% will be deducted from theworker by the institution. The contribution of employees will be:    From January 1st 2008 to December 31st 2010, 8% of their wages From January 1st 2011 to December 31st 2012, 9% of their wages FromJanuary 1st 2013 the contribution will be 9.75% of their wages.

The contribution of the employers (companies) will be:    From January 1st 2008 until December 2010, their contribution will be11.50% of the employee’s salary. From January 1st 2011 to December 31st 2012, their contribution will be 12 % of the employee’s salary. From January 1st 2013, their contribution will be the 12.25% ofthe employee’s salary.

The contribution of the employees and employers regarding the thirteenth month (XIII) remains at 7.25% to 10.75% of the salary gross, implemented for the periods on the 2007.See rates on the chart provided below:

This is a detail on how the quota is divided between the employee and the employer Example: For a payroll of B/. 5,028.22 (this is the net amount for the...