Regulation on the Management Expenses for Social Insurance, Unemployment Insurance, and Health Insurance for the Period 2016 - 2018

12:58, 11/07/2024

The Prime Minister of the Government of Vietnam has just issued Decision No. 15/2016/QD-TTg on management fees for social insurance, unemployment insurance, and health insurance for the period 2016 – 2018.

The rate of allocation for the management costs of social insurance (SI), unemployment insurance (UI), and health insurance (HI) annually will be deducted from the following sources:

- The management costs for SI are 2.3% of the estimated revenue and expenditure of SI (excluding the expenditure for HI for SI beneficiaries) and are deducted from the profit generated by the investment activities from the SI fund.

- The management costs for UI are 2.3% of the estimated revenue and expenditure of UI (excluding the expenditure for HI for unemployment benefit recipients) and are deducted from the UI fund.

- The management costs for HI are 5% of the estimated revenue from HI contributions and are deducted from the 10% of HI contributions allocated for the reserve fund and management costs of the HI fund.

Refer to more regulations on the wage cost levels for officials and public employees and workers.

Decision 15/2016/QD-TTg takes effect from May 25, 2016, and applies to the budget years from 2016 to 2018.

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