FORA insurance administration has decided to make changes in its reporting system.
So far salaries have been reported on annual basis, but the new regulation will require monthly reporting, starting from February 2024.
That means, instead of one annual salary report, there will be twelve monthly reports during the year.
The new system will give the employees a wider chance for occupational pensions benefit returns and naturally, it will give a better overview to FORA.
If a company only has workers (and no servicemen), then all of them are automatically under the new report-system, starting first quarter of 2024.
As always, 31st of January 2024 is the last day to report 2023 salaries.