MINISTRY OF LABOUR, WAR INVALIDS AND SOCIAL AFFAIRS | SOCIALIST REPUBLIC OF VIET NAM |
No.: 23/2020/TT-BLDTBXH | Hanoi, December 30, 2020 |
Pursuant to the Government’s Decree No. 14/2017/ND-CP dated February 17, 2017 defining the functions, tasks, powers and organizational structure of the Ministry of Labour, War Invalids and Social Affairs;
Pursuant to the Government’s Decree No. 115/2015/ND-CP dated November 11, 2015 providing guidelines for implementation of the Law on Social Insurance with regard to compulsory insurance (hereinafter referred to as “Decree No. 115/2015/ND-CP”);
Pursuant to the Government’s Decree No. 134/2015/ND-CP dated December 29, 2015 providing guidelines for implementation of the Law on Social Insurance with regard to voluntary insurance (hereinafter referred to as “Decree No. 134/2015/ND-CP”);
At the request of the Director of Social Insurance Department;
The Minister of Labor, War Invalids and Social Affairs promulgates a Circular prescribing indexation rate of monthly salary and income after payment of social insurance contributions.
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
a) Employees who are subject to the pay scheme under the State’s regulations, started participating in social insurance programs from January 01, 2016 and earlier, have already enjoyed the one-off social insurance benefit payments, or are dead after bequeathing their relatives the right of entitlement to one-off social insurance benefit payments already received within the period from January 01, 2021 to December 31, 2021.
b) Employees who pay social insurance contributions according to the pay scheme decided by employers, receive retirement pensions or one-off allowances upon retirement, one-off social insurance benefit payments, or are dead after bequeathing their relatives the right of entitlement to one-off death insurance benefit payments received from January 01, 2021 to December 31, 2021.
2. Persons subject to the indexation of monthly incomes after payment of social insurance contributions as provided by Clause 2 Article 4 of Decree No. 134/2015/ND-CP must be voluntary social insurance participants who are entitled to one-off payment of pensions, allowances upon retirement and social insurance benefits, or are dead after bequeathing their relatives the right of entitlement to one-off death insurance benefit payments already received from January 01, 2021 to December 31, 2021.
Article 2. Indexation of monthly salaries after payment of social insurance contributions
1. Monthly salaries after payment of social insurance contributions of persons specified in Clause 1 Article 1 hereof shall be indexed as follows:
Indexed monthly salary after payment of social insurance contributions in each year
=
Total monthly salary after payment of social insurance contributions in each year
x
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
In that formula, the indexation rate of monthly salary after payment of social insurance contributions in the corresponding year shall be determined, based on Table 1 given hereunder:
Table 1:
Year
Before 1995
1995
1996
1997
1998
1999
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
2001
2002
2003
2004
2005
2006
2007
Indexation rate
5,01
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
4,02
3,89
3,61
3,46
3,52
3,53
3,40
3,29
3,06
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
2,62
2,42
Year
2008
2009
2010
2011
2012
2013
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
2015
2016
2017
2018
2019
2020
2021
Indexation rate
1,97
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
1,69
1,42
1,30
1,22
1,18
1,17
1,14
1,10
1,06
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
1,00
1,00
2. If employees have paid social insurance contributions for periods under both the pay scheme prescribed by the State’s regulations and the pay scheme decided by employers, monthly salaries after payment of social insurance contributions of those employees who started participating in social insurance programs according to the pay scheme regulated by the State from January 01, 2016 and earlier, and monthly salaries after payment of social insurance contributions according to the pay scheme decided by employers shall be adjusted in accordance with the provisions in Clause 1 of this Article.
Article 3. Indexation of monthly income after payment of social insurance contributions
1.Monthly income after payment of social insurance contributions of persons specified in Clause 2 Article 1 hereof shall be indexed as follows:
Indexed monthly income after payment of voluntary social insurance contributions in each year
=
Total monthly income after payment of social insurance contributions in each year
x
...
...
...
Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
In that formula, the indexation rate of monthly income after payment of social insurance contributions in the corresponding year shall be determined, based on Table 2 given hereunder:
Table 2:
Year
2008
2009
2010
2011
2012
2013
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
Indexation rate
1,97
1,84
1,69
1,42
1,30
1,22
1,18
Year
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
2016
2017
2018
2019
2020
2021
Indexation rate
1,17
1,14
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
1,06
1,03
1,00
1,00
2.If employees have both compulsory social insurance contribution period and voluntary one, the monthly income after payment of voluntary social insurance contributions shall be indexed according to Clause 1 of this Article while the monthly salary after payment of compulsory social insurance contributions shall be indexed according to the provisions in Article 10 of the Decree No. 115/2015/ND-CP and Article 2 of this Circular. The average rate of monthly salary and income after payment of social insurance contributions which are used as a basis for calculation of retirement pensions, one-off allowances upon retirements, one-off social insurance benefit payments and one-off death insurance benefit payments as provided for in Clause 4 Article 11 of the Decree No. 115/2015/ND-CP and Clause 4 Article 5 of Decree No.134/2015/ND-CP.
1. This Circular comes into force from February 15, 2021; provisions of this Circular shall apply from January 01, 2021.
2. The Circular No. 35/2019/TT-BLDTBXH dated December 30, 2019 of the Minister of Labor, War Invalids and Social Affairs shall cease to take effect from the effective date of this Circular.
3.Difficulties that arise during the implementation of this Circular should be reported to the Ministry of Labour, War Invalids and Social Affairs for consideration./.
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
MINISTER
Dao Ngoc Dung