How much is the one-time social insurance benefit after working at a company for 17 years?
Section 2, Article 60 of the 2014 Social Insurance Law stipulates:
The lump-sum social insurance benefit is calculated based on the number of years of social insurance contributions, with each year calculated as follows:
- 1.5 months of the average monthly salary on which social insurance contributions were based for the years of contribution before 2014;
- 02 months of the average monthly salary on which social insurance contributions were based for the years of contribution from 2014 onwards;
...
Example: You contributed to social insurance for 2 years from January 1, 2018, to January 1, 2020, with an average monthly salary for social insurance contributions of 5 million VND/month. Accordingly, the social insurance amount you receive is: 2*2*5 = 20 million VND.
Therefore, if you have 17 years of lump-sum social insurance contributions, you need to determine the number of years of contributions before 2014 and after 2014.
Since you have not provided clear information about the specific duration of social insurance participation nor the contribution rates, you may reference the above formula to determine it.
Respectfully!
