Resolve social insurance regime according to basic salary of 1,210,000 VND

(Baonghean) - Implementing Decree No. 47/2016/ND-CP dated May 26, 2016 of the Government regulating the basic salary for cadres, civil servants, public employees and armed forces, effective from July 15, 2016 (Decree 47/2016/ND-CP); Circular No. 05/2016/TT-BNV dated June 10, 2016 of the Ministry of Home Affairs guiding the implementation of the basic salary for subjects receiving salaries and allowances in public agencies and units of the Party, State, and socio-political organizations, from May 1, 2016, it is 1,210,000 VND/month.

District social insurance officers receive people to implement policies for people. (Illustration photo).

Up to now, there has been no guidance document from Vietnam Social Security on the settlement of social insurance benefits for those who have stopped working and received social insurance benefits from May 1, 2016 onwards.

In order to promptly resolve social insurance regimes for employees, based on the effective date of Decree 47/2016/ND-CP, from July 15, 2016, Nghe An Provincial Social Insurance will resolve social insurance regimes for cases with a period of participation in social insurance according to the salary regime prescribed by the State (coefficient salary) and the regimes of sickness, maternity, convalescence, occupational accidents, occupational diseases, and death with a time of leave to enjoy the regime from May 1, 2016 onwards, calculated according to the basic salary, calculated according to the new basic salary level of 1,210,000 VND.

For cases where the social insurance regime has been resolved before, the benefit level will be adjusted after receiving instructions from Vietnam Social Security.

Nghe An Social Insurance