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The social security scheme is contributory, with 2.5% of contributions coming from the employer, 1.5% by the employee, and a capital investment by the government. [3] On 31 August 2012, the Pyidaungsu Hluttaw enacted the Social Security Law of 2012, which introduced benefit systems for invalids, the elderly, survivors and unemployed individuals ...
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
The SSB was established on 1 June 1981 with a staff of 26 and funding consisting of a government loan of BZ$50,000. By 2006, it had grown to 263 employees. By 2006, it had grown to 263 employees. In those 25 years it paid out a total of BZ$33 million in benefits, and collected BZ$49 million in contributions.
The company was founded in 1977 as Società Interbancaria per l'Automazione by Banca d'Italia, ABI and a pool of Italian banks. During the 1980s, SIA created the Rete Nazionale Interbancaria (RNI – national interbank network) and contributed to developing the interbank payments system in compliance with the white paper on payment systems in Italy, published by Banca d’Italia in 1987.
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For example, in 2017 an employee works two jobs (either concurrently or consecutively) paying $70,000 each. Since each employer calculates the social security taxes independently, each employer will withhold 6.2% of the $70,000 employee’s salary, or $4,340, for a grand total of $8,680 -- which exceeds the cap of $7,886.40 by $739.60.