Detailed Guidance on Conditions for Temporary Suspension of Contributions to the Retirement and Survivors Fund

Le Hai

15:51, 10/07/2024

The Ministry of Labor, Invalids, and Social Affairs has just issued Official Dispatch 1511/LDTBXH-BHXH guiding the temporary suspension of contributions to the retirement and survivorship fund.

The employer shall be allowed to temporarily suspend contributions to the pension and survivorship fund when one of the following conditions is met:

- Unable to arrange jobs for employees, wherein the number of employees participating in social insurance (SI) who must temporarily stop working constitutes 50% or more of the total number of employees present before the suspension of production and business operations;- Suffer damages to over 50% of the total asset value due to natural disasters, fires, epidemics, or crop failures;- Have fully paid social insurance up to the end of January 2020 and are affected by Covid-19, leading to a reduction of 50% or more of employees participating in social insurance at the time of the proposal compared to January 2020.

For details, see Official Dispatch 1511/LD-TBXH-BHXH issued on May 4, 2020.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn