Expenditure Levels for Management of Social Insurance and Unemployment Insurance for the Period from 2019 to 2021

Hà Linh

10:29, 11/07/2024

On May 26, 2018, the Standing Committee of the National Assembly promulgated Resolution 528/2018/UBTVQH14 on the management costs of social insurance and unemployment insurance for the period 2019 – 2021.

Management cost rates for the two types of insurance are determined based on revenue and expenditure estimates of each type, calculated from the profits of fund investment activities or directly deducted from the fund. To be specific, as follows:

- The social insurance management cost rate in 2019 is 2.15%; in 2020 is 2%; in 2021 is 1.85% (This rate is calculated after deducting the cost of health insurance for those who receive social insurance);- The unemployment insurance management cost rate in 2019 is 2.15%; in 2020 is 2%; in 2021 is 1.85% (This rate is calculated after deducting the cost of health insurance for those who receive unemployment insurance).

In case the revenue and expenditure implementation of these two types of insurance does not meet the estimates, the above management cost rates will be calculated based on the actual revenue and expenditure.

Resolution 528/2018/UBTVQH14 comes into effect from January 1, 2019.

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