tbjárulékok

Tbjárulékok, or social security contributions in English, are mandatory payments made by individuals and employers in Hungary to fund various social services. These contributions are a significant part of the Hungarian social security system, aiming to provide financial support for pensions, healthcare, unemployment benefits, and other social welfare programs.

The contributions are typically levied on wages and salaries. There are different types of contributions, including pension contributions, health insurance contributions, and unemployment contributions. Both employees and employers are required to pay a portion of these contributions, though the exact percentages can vary. The rates are set by law and are subject to change.

For employees, their share is deducted directly from their gross salary. Employers then contribute their own share, which is an additional cost on top of the employee's gross wage. These collected funds are then managed by state institutions responsible for administering the social security system. The aim is to ensure a sustainable funding mechanism for the social safety net provided to Hungarian citizens and residents. The system's primary goal is to redistribute wealth and provide a form of insurance against life's uncertainties, such as illness, old age, or job loss.