Resolution 49/2017/QH14 has increased the statutory pay rate from 1.3 million VND/month to 1.39 million VND/month. Along with that, from July 1, 2018, the amount of social insurance (BHXH) and health insurance (BHYT) contributions for individuals receiving salaries from the state budget will also change. To be specific:
Article table of contents
1. Increase the Social Insurance Contribution for Non-Specialized Workers at the Commune Level
According to regulations, non-specialized workers at the commune, ward, and commune-level town level must contribute to social insurance at a rate of 8% of the statutory pay rate, equivalent to 111,200 VND/month.
2. Increase the Social Insurance Contribution for Other Officials and Public Employees in Accordance with the Increase of the Statutory Pay Rate
Specifically, the social insurance contribution for this group is calculated based on 8% of the monthly salary. The salary of officials and public employees is composed of the base salary multiplied by the allowances calculated according to the statutory pay rate.
Thus, when the statutory pay rate increases, the social insurance contribution will also increase proportionally.
3. Increase the Salary Contribution for Unemployment Insurance for Public Employees
The unemployment insurance contribution is calculated as 2% of the monthly salary of the participant. Public employees contribute 1% of the monthly salary, and the unit contributes 1% of the monthly salary fund of the employees participating in unemployment insurance.
The monthly salary of public employees increases when the statutory pay rate increases. Therefore, the unemployment insurance contribution also increases.
4. Increase the Health Insurance Contribution for Officials and Public Employees, Non-Specialized Workers at the Commune Level
The health insurance contribution for officials and public employees is calculated as 4.5% of the monthly salary. Consequently, the health insurance contribution for these subjects will increase in line with the increase in the statutory pay rate.
The health insurance contribution for non-specialized workers at the commune level is calculated as 4.5% of the statutory pay rate. Specifically, from July 1, 2018, the contribution will be 62,550 VND/month.
5. Increase the Occupational Accident and Disease Insurance Contribution for Officials and Public Employees
The contribution to occupational accident and disease insurance is set at 0.5% of the monthly salary. As previously mentioned, the monthly salary of officials and public employees is based on the statutory pay rate. Therefore, the increase in the statutory pay rate also leads to an increase in the contribution to occupational accident and disease insurance.
The aforementioned content is based on the Social Insurance Law 2014, Health Insurance Law 2008, Resolution 49/2017/QH14, Decision 595/QD-BHXH.
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