Salary Adjustment for Social Insurance Contributions Applicable in 2018

17:42, 10/07/2024

On December 29, 2017, the Ministry of Labor, War Invalids and Social Affairs issued Circular 32/2017/TT-BLDTBXH stipulating the adjustment level of monthly salaries and incomes on which social insurance has been paid.

The adjustment rate for monthly salary used to calculate social insurance premiums for the year 2018 is 1.00; for other years, the corresponding adjustment rate as specified in Table 1 attached to Circular 32 shall be applied.

Note, the aforementioned adjustment rate is applicable from January 1, 2018, to the following subjects:

- Employees receiving salary from the State participating in social insurance from January 1, 2016, onwards, receiving a one-time social insurance payment or passing away with relatives eligible for one-time survivor benefits from January 1, 2018, to December 31, 2018;

- Employees paying social insurance based on salaries determined by employers, receiving retirement pensions, one-time allowances upon retirement, one-time social insurance payment, or passing away with relatives eligible for one-time survivor benefits from January 1, 2018, to December 31, 2018.

See detailed adjustment rates for other years in Circular 32/2017/TT-BLDTBXH effective from February 15, 2018.

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