Contributions

Current contribution rates and upper limits

Upper contribution limits

NOTA : The upper limit defined by the UNEDIC Office (French National Professional Union for Employment in Industry and Trade) applies. For each employee, it is set at four times the French Social Security upper limits.

Contribution rates

NB.: The rates changes on 01.01.2019 in France do not apply to Monaco

The 5 rates and upper limits

Remuneration elements to be reported

This is the gross salary corresponding to the total remuneration earned, the elements of which are defined in articles 15, 16, 17, 19 and 20 of the C.C.S.S. Internal Regulations.

Specific features of unemployment insurance

The total payroll, along with the contribution amount should be rounded to the nearest euro

Definition and calculation of the upper contribution limit 

The upper limit is the amount beyond which the remuneration used for the contribution base is no longer included in the contribution calculation.

Applicable rates and ceilings are those currently valid on the last day of each employment period.

During the year, monthly statements are produced based on the prorated monthly upper limit as shown below for shorter employment periods. If necessary, the employer makes an annual adjustment as part of the annual summary statement.

Employee starting or leaving during the month

The ceiling applicable is reduced proportionately with the number of days in the salaried employee’s employment period.

The number of days to be taken into account is calculated on the basis of the number of calendar days of the month: 28, 29, 30 or 31 days.

Example 1: For a salaried employee joining the company on 15 January 2018: the ceiling applied is equal to 17/31 of the monthly ceiling

Example 2: For a salaried employee leaving the company on 20 February 2018: the ceiling applied is equal to 20/28 of the monthly ceiling

Hire or departure during the year

The annual upper limit corresponds to annual work periods paid by the employer and sick leave resulting in the continued payment of a salary. Months not worked are not included and the upper limit is reduced for any partially-worked months.

Paid leave periods covered by a paid leave fund

The annual upper limit corresponds to annual work periods paid by the employer. Work periods (months) fully covered by a paid leave fund are not included and the upper limit is reduced for any partially-covered months.

In case of dismissal, paid notice without work must be taken into account in calculating the yearly ceiling.

Employee absence

Leave periods, regardless of the reason (illness, maternity, absence without pay, etc.) gives rise to reduction of the yearly ceiling.

This reduction applies in the following situations:

• entering or leaving in the course of the month;
• absence in case of sick leave, maternity/paternity leave, occupational accident or occupational disease, and unpaid leave, even if such leave of absence does not cover the entire pay period;
• periods of part-time compensated activity (compensated part-time unemployment, reduced activity because of bad weather);
• leave for paid holidays, when such payment of holidays is covered by a dedicated fund.

In such cases, the ceiling is reduced proportionately with the number of days in which the salaried employee is employed. Leave for less than a full day does not give rise to reducing the ceiling.

Calculation is based on calendar days as follows:

Monthly value of the ceiling x (Number of days in the employment period /Number of calendar days in the month)

The number of days taken into account for the denominator is the number of calendar days in the month: 28, 29, 30 or 31 days.

Example: For a salaried employee on unpaid leave from Monday 29 to Wednesday 31 January N: The ceiling for the month of January is equal to 28/31 of the monthly ceiling.

In case of occasional work during the pay period, what is taken into account is the number of days when the salaried employee worked for all contracts taken together.

Example: For a salaried employee hired for 3 February, then 17 and 18 February, the ceiling is calculated on the basis of 3/28 of the monthly ceiling.

Part-time work

For part-time salaried employees, the reduced ceiling is calculated as follows:

Monthly value of ceiling X (contractual duration of work + overtime / legal duration of work or duration practised in the company).

It is not necessary to verify if the wages that would be paid in case of full-time work were higher than the ceiling.

The reduced ceiling for a part-time salaried employee is cumulated as appropriate with reduction of the ceiling for unremunerated employment periods.

During determination of the yearly ceiling applicable, these calculations may give rise to adjustments.

Corporate officers

Certain categories of corporate officers can be considered as employees under the general social security scheme. In particular, this includes salaried directors of Monegasque public limited companies (SAM), non-partner employee managers of private limited companies (SARL) and of Civil Societies.

Employees included in this personnel category must contact the Employment Office (Pôle Emploi), which will conduct a corporate analysis in order to determine their situation with regards Employment Insurance.

Unemployment insurance contributions base calculation example

For any additional information about remuneration elements, please contact the Employer Monitoring Department.

Salaried directors

Only affects Monegasque limited companies (S.A.M.)

• For the C.C.S.S., the contribution amount is calculated on a flat-rate basis corresponding to the upper contribution limit.
• For the C.A.R., the contributions are calculated using the statutory rules applicable to all employees (see the "Remuneration elements to be reported" section)
• In Unemployment Insurance, please refer to the chapter on the Specific features of Unemployment Insurance

How to report salaried directors

Payment

Contributions are due on the 10th of the month after that to which they relate.

If this deadline is not observed, penalties apply:

• an interest of 1% per month of delay,
• an increase of 10% of the amount of contributions.

Available payment methods for paying contributions

You are an employer and you produce your own statements
You are an employer and you use an accounting firm
You are an accounting firm

If your company is facing cash flow difficulties:

• send the salary statements (even if not accompanied by payment):
  • they determine the payment of benefits to your employees,
  • you will avoid the automatic taxation procedure that generates additional penalties.

• contact the Contribution Collections Department to agree a payment plan, before the due date for the contributions:
  • this will mean implementing a solution suited to your company's situation,
  • you may also benefit from a waiver of the surcharges for late payment.

We are your partners:

The Caisses Sociales are committed to supporting companies that may have temporary cash flow difficulties.
CONTACT US: Together we'll look for a solution suited to your situation.