Three new social laws were introduced in 2014:
- Law on General Pension regulating a mandatory general basic pension and insurance for disability for all residents. Premium (minimal 3% of regular wages or income) to be paid to a General Pension Fund supervised by a Pension Council leading to a minimal monthly pension of SRD 300,= a maximal monthly pension of SRD 5.000,= The law allows private insurance policies with provisions minimal to the law.
- Law National Basic care regulating a mandatory national health insurance for all residents provided by a Care Provision Fund and an Executive Basic Care Body supervised by a Care Council. Premium to be paid: 3% of salary/income. The law allows private insurance policies with provisions minimal to the law.
- Law minimum hourly wages: SRD 4, 29 as per January 2015, SRD 5,22 as per January 2016 and SRD 6,14 as per January 2017, to be increased by 20% for shop workers exceeding 4 staff and 40% for hotels, restaurants, cafe’s exceeding 12 staff and security companies