Social Insurance Law

1. An employer shall pay the full amount of contributions due from him and from the contributor within the time limit specified in the Regulations, and shall bear the sole responsibility towards the Organization for such payment. The employer may, in return therefor, deduct from the contributor’s wage or salary the amount due therefrom every time he pays the contributor his wage or salary. 2. A voluntary contributor shall pay the full amount of contributions due from him within the time limit specified in the Regulations. 3. If the employer or voluntary contributor fails to pay the contribution amounts within the time limit specified in the Regulations, he shall be subject to a fine the amount of which is equal to 2 percent of the due contribution amount for each month of delay or part thereof. The Regulations shall specify the cases of total or partial exemption of fines. 4. The qualifying periods for entitlement shall be the periods for which due contributions are paid. The computation of contribution periods shall be suspended if contributions are not paid for a period to be determined by the Board of Directors, provided that such period is not less than six months, or if the entity experiences an event that makes it impossible to pay the contributions, whichever occurs earlier. The Regulations shall specify the rules and mechanism necessary for the application of this paragraph. The Regulations shall specify the manner of payment of contributions and fines due. Social Insurance Law