Lawnet would like to share with our members the adjustment table of monthly salary and income subject to social insurance (SI) contribution applied for the year 2018 (from January 01, 2018, to December 31, 2018) in Vietnam. The content is based on Circular 32/2017/TT-BLDTBXH that has just been issued.
Recently, Vietnam Social Security has requested the implementation of payment of pensions and social insurance payout through personal accounts of beneficiaries in Vietnam.
My father is currently working at a company in Vietnam; however, he is not subject to mandatory social insurance participation. Is my father eligible to any additional payment apart from the salary the company has already paid?
In 2020, what are the items deducted from the monthly salary of employees in Vietnam? What are the deduction rates? This question was submitted by Ms. Nguyen Tuong Vy from Da Nang to Lawnet for assistance.
In 2020, what is the mandatory social insurance contribution rate for employees in Vietnam? What are methods for making social insurance contributions? This is a question from Ms. Nguyen Ngoc Anh in Ho Chi Minh City.
In order to assist our Customers and Members in understanding the current legal regulations regarding social insurance to ensure their rights, Lawnet would like to summarize all types of income subject to compulsory social insurance contributions and those not subject to contributions of employees in 2020 in Vietnam in the table below.
Below is a notable content in Decree 153/2018/ND-CP on the policy for adjusting pensions for female employees starting to receive pensions in the period from 2018 to 2021 and having paid social insurance for a period from 20 years to 29 years and 6 months in Vietnam.
As far as I know, in order to receive the full pension rate upon retirement, the employee in Vietnam must meet the statutory conditions. In the event that an employee cannot fully meet these conditions, is there a way for them to still receive the highest benefits?
Social insurance is the assurance of replacement or partial compensation for a worker's income when they experience a reduction or loss of income due to illness, maternity, labor accidents, occupational diseases, retirement, or death, based on contributions made to the social insurance fund.
While working under a labor contract, employees are responsible for mandatory social insurance contributions according to regulations. So, how is the responsibility for social insurance contributions of the employee carried out after terminating employment?
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