To adjust the monthly income for which social insurance has been paid as of January 1, 2023

Duong Chau Thanh

15:40, 19/01/2023

Content mentioned at Circular 01/2023/TT-BLDTBXH on salary adjustment and monthly income for which social insurance has been paid issued by the Minister of Labor, War Invalids and Social Affairs on January 3, 2023 in Vietnam.

From January 1, 2023, monthly income for which social insurance has been paid for subjects specified in Clause 2 of Article 1 of Circular 01/2023/TT-BLDTBXH will be adjusted according to the following formula:

Monthly income paid for voluntary social insurance after adjustment of each year = Total monthly income paid for social insurance in each year x Adjusted monthly income paid for social insurance of the corresponding year

In particular, the adjusted monthly income for which social insurance has been paid for the corresponding year is specified in Clause 1 of Article 3 of Circular 01/2023/TT-BLDTBXH, for example:

- 2008: 2.07 (increase 0.06 compared to the adjusted level in 2022)

- 2009: 1.94 (increase 0.06 compared to the adjusted level in 2022)

- 2010: 1.77 (increase 0.05 compared to the adjusted level in 2022)

- 2011: 1.50 (increase 0.05 compared to the adjusted level in 2022)

- 2023: 1.00;...

More details can be found in Circular 01/2023/TT-BLDTBXH, taking effect on February 20, 2023; The regulations in this Circular apply from January 1, 2023.

Circular 36/2021/TT-BLDTBXH expires on February 20, 2023.

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