Adjusting salary and monthly income for which social insurance has been paid

Monthly salary for which social insurance has been paid for the subjects whose salary has been adjusted for which social insurance has been paid according to the provisions of Clause 1 and Clause 2, Article 10 of Decree No. 115/2015/ND-CP includes:

Employees subject to the salary regime prescribed by the State who start participating in social insurance from January 1, 2016 onwards, receive one-time social insurance or die and their relatives receive one-time death benefits during the period from January 1, 2019 to December 31, 2019.

Employees pay social insurance according to the salary regime decided by the employer, receive pension, one-time retirement allowance, one-time social insurance or die and relatives receive one-time death allowance during the period from January 1, 2019 to December 31, 2019.

The calculation formula is as follows:

In which, the adjustment level of salary paid for social insurance of the corresponding year is implemented according to Table 1 below:

For employees who have both a period of social insurance payment subject to the salary regime prescribed by the State and a period of social insurance payment subject to the salary regime decided by the employer, the monthly salary for social insurance payment for employees who start participating in social insurance under the salary regime prescribed by the State from January 1, 2016 onwards, and the monthly salary for social insurance payment subject to the salary regime decided by the employer shall be adjusted according to the provisions of Clause 1 of this Article.

Adjusting monthly income for social insurance contributions for employees who have both compulsory and voluntary social insurance contributions, monthly income for voluntary social insurance contributions will be adjusted according to the provisions of Clause 1 of this Article, monthly salary for compulsory social insurance contributions will be adjusted according to the provisions of Article 10 of Decree No. 115/2015/ND-CP and Article 2 of this Circular.

The average monthly salary and income for which social insurance has been paid as the basis for calculating pension, one-time retirement allowance, one-time social insurance and one-time death benefit is calculated according to the provisions of Clause 4, Article 11 of Decree No. 115/2015/ND-CP and Clause 4, Article 5 of Decree No. 134/2015/ND-CP.

Subjects adjusting monthly income for social insurance contributions as prescribed in Clause 2, Article 4 of Decree No. 134/2015/ND-CP are voluntary social insurance participants who receive pensions, one-time pensions upon retirement, one-time social insurance or death and whose relatives are entitled to one-time death benefits during the period from January 1, 2019 to December 31, 2019.

The calculation formula is as follows:

In which, the adjustment level of monthly income for social insurance contributions of the corresponding year is implemented according to Table 2 below: