Labor Pension Act Article 36

The premium per month provided by an employer to the Annuities Insurance program may not be less than six percent of an employee 's monthly wage.The insurer shall prepare and mail a payment statement listing the amount of premium the employer shall pay and the amount provided by an employee who voluntarily pays, as described in the preceding paragraph, to the business entity prior to the 25th day of the following month, and the employer shall pay prior to the end of the next calendar month, after the month in which they receive the payment statement. Prior to the seventh day of the month that follows the payment due date, the insurer shall inform the Bureau of Labor Insurance of the situation of premium collection notifying the Bureau of Labor Insurance of the amount an employer should have paid.Employees who voluntarily pay the premium to their Annuities Insurance plan, shall have the premium collected by their employers along with the portion paid by their employers to the insurer. Payment shall be made from the filing date of voluntary payment to the date of resignation or the filing date of termination.If an employer fails to pay within a given period or makes insufficient payment, the insurer shall immediately collect the overdue receivables and within a given period notify the employer of the amount to be paid prior to the end of month following the original payment due date. A report on overdue receivables shall then be delivered to the Bureau of Labor Insurance prior to the seventh day of the next calendar month.