From January 1, 2022, changes in the contribution rates of social insurance funds for employees and employers

To be specific: according to Decree 143, the contribution rates and methods of payment to the social insurance fund for employees and employers are stipulated as follows:

For employees:

- From January 1, 2022, employees specified in Clause 1, Article 2 of Decree 143 shall contribute 8% of their monthly salary to the retirement and survivors' fund on a monthly basis.- Employees who do not work and do not receive a salary for 14 or more working days in a month shall not contribute to social insurance for that month. This period shall not be counted for social insurance benefits, except in the case of maternity leave policies.

For employers:

- Employers specified in Clause 3, Article 2 of Decree 143 shall contribute based on the monthly salary fund for social insurance of their employees as follows:- 3% to the sickness and maternity fund;- 0.5% to the occupational accident and occupational disease fund;- 14% to the retirement and survivors' fund from January 1, 2022.- Employers are not required to contribute to social insurance for employees specified in Clause 2, Article 12 of Decree 143.- Employees who enter into labor contracts with multiple employers and are subject to mandatory social insurance shall have social insurance contributions made only for the first labor contract. However, for the occupational accident and occupational disease fund, employers must contribute according to each labor contract entered into.

See additional regulations on monthly salary contributions to the social insurance fund at Decree 143/2018/ND-CP.

- Thanh Lam -

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