On June 1st, 2017, the board of directors of the CCSS approved the definitive adoption of an increase in employees' contribution to Caja Costarricense del Seguro Social Invalidity, Old age and Death System. Following a public consultation period that ended on April 28th, the CCSS confirmed the raise initially announced on January 12th, 2017. This decision will be published in La Gaceta, amending the CCSS' Invalidity, Old age and
As informed previously, the raise on workers' Invalidity, Old age and Death System contribution will be of 1%, going from 2,84% to 3,84% of affiliated employees' monthly salary; independent workers or contractors and employers will not be affected by this decision. Said increase will be implemented gradually, with a 0,5% raise on July 1st, 2017 and a second 0,5% increment on January 1st, 2018. Both raises round off the 1% increase initially approved. Once both increases go into effect, the total workers' contribution to CCSS' social security system will go from 9,34% to 10,34%.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.