Social security contributions on jubilee payments from 2016 - effects on provisions in the financial statements as of 31.12.2015

Anniversary benefits are remuneration that is paid after a certain Duration of employment an Employees will be paid out. The contractual basis in most cases is the Collective agreement. Since the payment obligation exists as soon as the employee enters the service, a corresponding Retirement to form. So far, the Anniversary cash withdrawal as a general rule financially mathematical calculated. Since these payments are subject to the ASVG, Section 49, Paragraph 3, Z 10, Social security freed were, in the calculation of the reserve only the Employee associated costs included, which are incurred in the actual payment. The employer contribution (DB), local tax and the surcharge to the employer contribution (different for each federal state) were included in the calculation, and thus in general around 8% additional costs related to wages.

Ab dem 1.1.2016 now a „Harmonization of social security and payroll tax“. Anniversary benefits are subject to Accordingly, as of this date, the Social security obligation. For the Calculation of the reserve This means that in addition to the gross entitlement and the above-mentioned additional salary costs, Also The Employer contribution to social security (currently 20.68% for employees) and the contribution to employer-sponsored provident fund (only applicable to „new departure“) must be included. The employer contribution to social insurance only applies if the anniversary benefit does not exceed the maximum contribution base in social insurance. If at the time of the expected payment, the with additional anniversary funds calculated It will be counted, that counts Anniversary payment also Special payment. In this case, Anniversary benefits together with other special payments (e.g. holiday and Christmas pay) up to the double monthly maximum contribution base per calendar year taxable (Border in 2015: 9.300 €There is no limit to the contribution to the occupational pension fund due to the maximum assessment base.

The Increase in employee benefits costs is already at the Retirement calculation to 31.12.2015 to consider. However, the increase in the anniversary pension payment resulting from the abolition of the social security exemption for anniversary benefits will be passed on. Not in the Amount of difference According to the RÄG 2014, this effect also does not apply to the distribution scheme for up to five years, and therefore immediately and in more effective than full effort will become.

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