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Monaco Sets Contribution Rates and Ceilings for New Supplementary Pension Fund

|Approved Changes|Monaco
Monaco

Monaco has published Ministerial Order No. 2023-699 of 11 December 2023 in the Official Gazette, which sets the contribution rates and ceilings for the new supplementary pension fund introduced by Law no. 1.544 of 20 April 2023. The new supplementary pension fund enters into force on 1 January 2024, requiring contributions from both employers and employees in Monaco, with 60% of the contribut…

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