This is the annual task of the authorities to help the money of participants to be preserved in value and ensure the life of the participants. Therefore, employees can be assured of their benefits when they participate in voluntary and compulsory social insurance.

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The Ministry of Labour, Invalids and Social Affairs has issued Circular No 36/2021/TT-BLDTBXH, stipulating the adjustment of monthly salary and income for social insurance participants. This is the annual task of the authorities to help the money of participants to be preserved in value and ensure the life of the participants. Therefore, employees can be assured of their benefits when they participate in voluntary and compulsory social insurance.

1. ADJUSTMENT OF MONTHLY SALARY

Applying for employees, who have received salary from the State and participated in the social insurance since January 1, 2016, will receive a one-time allowance or employees, who might die, and his or her relatives will receive the one-time death allowance between January 1, 2022 and December 21, 2022.

Employees, who have participated in social insurance following the salary system set by the employers will receive a pension or one-time allowance before retirement, or employees who might die, and his or her relatives will receive the one-time death allowance between January 1, 2022 and December 21, 2022.

Monthly salary used to pay social insurance after adjustment = Total payment of social insurance each year x Adjusted salary coefficient for social insurance premiums each year.

The adjusted monthly salary coefficients for social insurance premiums each year are listed in the table below:

2. ADJUSTMENT OF MONTHLY INCOME

Applying for employees who have participated in voluntary social insurance, will receive a pension or one-time allowance before retirement, or employees, who have participated in voluntary social insurance, might die, and his or her relatives will receive the one-time death allowance between January 1, 2022 and December 21, 2022.

Monthly income used to pay voluntary social insurance after adjustment = Total payment of voluntary social insurance each year x Adjusted income coefficient for voluntary social insurance premiums each year.

The adjusted monthly income coefficients for voluntary social insurance premiums each year are listed in the table below: