Insurance contributions will make 6 billion rubles in Bashkortostan

UFA, 16 February 2016. /Bashinform News Agency, Galiya Nabieva/. In Bashkortostan, insurance contributions to the Pension Fund of Bashkortostan Republic this year will amount to 6 billion rubles exceeding the level of the last year, the press service of the republican branch of the Pension Fund reports.

As explained by the Pension Fund, the rate of insurance contributions for compulsory pension insurance for employers in 2016 is 22 percent. The maximum annual earnings from which contributions paid are 796 thousand rubles. Over the maximum base for the calculation of insurance contributions, as before, the rate of insurance contributions for compulsory pension insurance is set at 10 percent.

The rate of insurance contributions to the Federal Compulsory Health Insurance Fund in 2016 is 5.1 percent. Insurance contributions are charged at this rate on the total amount of payments to individuals.