Millions of people enjoy new higher social insurance rates
From July 1, 2019, the basic salary will increase from 1.39 million VND/month to 1.49 million VND/month. Therefore, according to the representative of Vietnam Social Security, the compulsory social insurance benefit for employees will also increase according to the new basic salary.
In Resolution No. 70/2018/QH14 dated November 9, 2018 on the state budget estimate for 2019, the National Assembly assigned the Government to adjust the basic salary from VND 1.39 million/month to VND 1.49 million/month from July 1, 2019.
And from July 1, 2019, the maximum salary subject to compulsory social insurance will increase. Specifically, from July 1, 2019,salaryThe maximum monthly compulsory social insurance contribution is 29,800,000 VND (20 times the new basic salary according to Clause 8, Article 4 of Resolution 70/2018/QH14); the current level is 27,800,000 VND (20 times the current basic salary).
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| From July 1, 2019, social insurance benefits will increase. |
Therefore, according to the representative of Vietnam Social Security, the compulsory social insurance (SI) benefit level for employees will also increase accordingly.base salarynew to suit.
Specifically, from July 1, 2019, the social insurance benefits for employees will be implemented as follows:
The daily benefit for recuperation and health recovery after illness is 447,000 VND (current level is 417,000 VND).
Female employees who give birth or employees who adopt children under 6 months old will receive a one-time subsidy for each child of VND 2,980,000 (current level is VND 2,780,000); in case of giving birth but only the father participatesSocial insuranceThe father will receive a one-time subsidy of VND 2,980,000 (current level is VND 2,780,000) for each child.
The level of recuperation and health recovery benefits per day after treatment of injury or illness is: 372,500 VND (current level is 347,500 VND) if recuperating and health recovery at home; 596,000 VND (current level is 556,000 VND) if recuperating and health recovery at a centralized facility.
Also according to the Resolution, the National Assembly assigned the Government to assign ministries, central agencies and localities to continue implementing regulations on policies to create sources for salary reform, thoroughly combining cost savings with restructuring the apparatus, streamlining the payroll, and improving the level of financial autonomy of public service units./.
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