Mechanism for calculating contributions for wages and salaries paid in foreign currencies
Increase the Medical Insurance ceiling from /5.600.000/ L.L. To /18.000.000/ L.L. (Monthly), Starting September 2023.
Renewal of school Allowances for 2022-2023: Public school or universities by child 3,000,000 L.L for a maximum of 9,000,000L.L/Employee. Private school or universities by child 6,000,000 L.L for a maximum of 18,000,000L.L/Employee
Amending the maximum earning subject to deductions in the family compensation section provided for In Article 68 (paragraph 2) of the Social Security Law, to become /3,425,000/ LBP. Determining the monthly value of family contributions and the method of distributing them between the wife and children.
Implementation of the provisions of Decree 10598 October 19, 2022 (Approving a financial increase in the monthly wages of employees and workers subject to the Labor Law).
SSNF Memo dated 06/12/2021 to transfer to SSNF control all companies declares salaries less than 1,100,000 LBP
Please be informed that the National Social Security Fund (NSSF) Circular #659 (attached a scanned copy) dated 1st February 2021 has suspended all the deadlines stipulated in the Social Security Law and the supplementary laws and regulations (including all the formalities and the payment of the NSSF contributions) during the total lock-down period (i.e. from the 14th January 2021 till the total lock-down ends).