Circular 23/2020/TT-BLDTBXH coefficients for adjustment of monthly salary after payment of social insurance

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Circular No. 23/2020/TT-BLDTBXH dated December 30, 2020 of the Ministry of Labor, Invalids and Social Affairs, specifying coefficients for adjustment of monthly salaries and incomes for which social insurance premiums have been paid
Issuing body: Ministry of Labor, Invalids and Social AffairsEffective date:
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Official number:23/2020/TT-BLDTBXHSigner:Dao Ngoc Dung
Type:CircularExpiry date:
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Issuing date:30/12/2020Effect status:
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Fields:Insurance , Labor - Salary

SUMMARY

Adjustment of monthly salaries for which social insurance premiums have been paid

On December 30, 2020, the Ministry of Labor, Invalids and Social Affairs issues the Circular No. 23/2020/TT-BLDTBXH specifying coefficients for adjustment of monthly salaries and incomes for which social insurance premiums have been paid.

Accordingly, monthly salary on which social insurance premiums are based which is adjusted in a year = Total monthly salary on which social insurance premiums are based in a year x Coefficient for adjustment of salary for which social insurance premiums have been paid in the corresponding year.

Of which, the coefficient for adjustment of salary for which social insurance premiums have been paid in the corresponding year is specified as follows: Prior 1995, the adjustment coefficient is 5.01; in 1995, 2000, 2005, 2010, 2016, 2020 and 2021, the adjustment coefficient is 4.25; 3.52; 2.82; 1.69; 1.14; 1.00 and 1.00, respectively.

Especially, for employees who have paid social insurance premiums both under the State-prescribed salary regime and under the employer-decided salary regime, monthly salaries for which they start paying social insurance premiums under the State-prescribed salary regime from January 01, 2016, onward, and monthly salaries for which they have paid social insurance premiums under the employer-decided salary regime shall be adjusted according to the above-mentioned adjustment coefficient.

This Circular takes effect on February 15, 2021.

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THE MINISTRY OF LABOR, INVALIDS AND SOCIAL AFFAIRS

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 23/2020/TT-BLDTBXH

 

Hanoi, December 30, 2020

 

CIRCULAR

Specifying coefficients for adjustment of monthly salaries and incomes for which social insurance premiums have been paid[1]

 

Pursuant to the Government’s Decree No. 14/2017/ND-CP of February 17, 2017, defining the functions, tasks, powers and organizational structure of the Ministry of Labor, Invalids and Social Affairs;

Pursuant to the Government’s Decree No. 115/2015/ND-CP of November 11, 2015, detailing a number of articles of the Law on Social Insurance regarding compulsory social insurance (below referred to as Decree No. 115/2015/ND-CP);

Pursuant to the Government’s Decree No. 134/2015/ND-CP of December 29, 2015, detailing a number of articles of the Law on Social Insurance regarding voluntary social insurance (below referred to as Decree No. 134/2015/ND-CP);

At the proposal of the Director of the Department of Social Insurance;

The Minister of Labor, Invalids and Social Affairs promulgates the Circular specifying coefficients for adjustment of monthly salaries and incomes for which social insurance premiums have been paid.

 

Article 1. Subjects of application

1. Persons subject to adjustment of salaries for which social insurance premiums have been paid as specified in Clauses 1 and 2, Article 10 of Decree No. 115/2015/ND-CP, including:

a/ Employees subject to the State-prescribed salary regime who start paying social insurance premiums from January 1, 2016, onward, have received lump-sum social insurance benefits or die whose relatives are entitled to a lump-sum survivorship allowance in the period from January 1, 2021, to December 31, 2021.

b/ Employees who pay social insurance premiums according to the employer-decided salary regime and have received pension, lump-sum allowance upon retirement or lump-sum social benefits, or die whose relatives are entitled to lump-sum survivorship allowance in the period from January 1, 2021, to December 31, 2021.

2. Persons subject to adjustment of monthly incomes for which social insurance premiums have been paid as specified in Clause 2, Article 4 of Decree No. 134/2015/ND-CP are voluntary social insurance participants who enjoy pension or lump-sum allowance upon retirement or lump-sum social insurance benefits or die whose relatives are entitled to a lump-sum survivorship allowance in the period from January 1, 2021, to December 31, 2021.

Article 2. Adjustment of monthly salaries for which social insurance premiums have been paid

1. Monthly salaries for which social insurance premiums have been paid for the subjects specified in Clause 1, Article 1 of this Circular shall be adjusted according to the following formula:

Monthly salary on which social insurance premiums are based which is adjusted in a year

=

Total monthly salary on which social insurance premiums are based in a year

x

Coefficient for adjustment of salary for which social insurance premiums have been paid in the corresponding year

 

 

Of which, the coefficient for adjustment of salary for which social insurance premiums have been paid in the corresponding year is specified in Table 1 below:

Table 1:

Year

Prior 1995

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Adjustment coefficient 

5.01

4.25

4.02

3.89

3.61

3.46

3.52

3.53

3.40

3.29

3.06

2.82

2.62

2.42

Year

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Adjustment coefficient 

1.97

1.84

1.69

1.42

1.3

1.22

1.18

1.17

1.14

1.1

1.06

1.03

1

1

 

2. For employees who have paid social insurance premiums both under the State-prescribed salary regime and under the employer-decided salary regime, monthly salaries for which they start paying social insurance premiums under the State-prescribed salary regime from January 1, 2016, onward, and monthly salaries for which they have paid social insurance premiums under the employer-decided salary regime shall be adjusted under Clause 1 of this Article.

Article 3. Adjustment of monthly incomes for which social insurance premiums have been paid

1. Monthly incomes for which social insurance premiums have been paid for the subjects specified in Clause 2, Article 1 of this Circular shall be adjusted according to the following formula:

Monthly income on which voluntary social insurance premiums are based which is adjusted in a year

=

Total monthly income on which social insurance premiums are based in a year

x

Coefficient for adjustment of monthly income for which social insurance premiums have been paid in the corresponding year

 

For which, the coefficient for adjustment of incomes for which social insurance premiums have been paid in the corresponding year is specified in Table 2 below:

Table 2:

Year

2008

2009

2010

2011

2012

2013

2014

Adjustment coefficient  

1.97

1.84

1.69

1.42

1.3

1.22

1.18

Year

2015

2016

2017

2018

2019

2020

2021

Adjustment coefficient 

1.17

1.14

1.1

1.06

1.03

1

1

 

2. For employees who have paid both compulsory social insurance premiums and voluntary social insurance premiums, monthly incomes for which they have paid voluntary social insurance premiums shall be adjusted under Clause 1 of this Article; monthly salaries for which they have paid compulsory social insurance premiums shall be adjusted under Article 10 of Decree No.115/2015/ND-CP and Article 2 of this Circular. The average monthly salaries and incomes for which social insurance premiums have been paid as a basis for calculation of pension and lump-sum allowance upon retirement, lump-sum social insurance benefits and lump-sum survivorship allowance must comply with Clause 4, Article 11 of Decree No. 115/2015/ND-CP and Clause 4, Article 5 of Decree No. 134/2015/ND-CP.

Article 4. Implementation provisions

1. This Circular takes effect on February 15, 2021; the provisions of this Circular apply from January 1, 2021.

2. The Minister of Labor, Invalids and Social Affairs’ Circular No. 35/2019/TT-BLDTBXH of December 30, 2019, specifying coefficients for adjustment of monthly salaries and incomes for which social insurance premiums have been paid, ceases to be effective on the effective date of this Circular.

3. Any problems arising in the course of implementation of this Circular should be reported to the Ministry of Labor, Invalids and Social Affairs for prompt study and settlement.-

Minister of Labor, Invalids and Social Affairs
DAO NGOC DUNG


[1] Công Báo Nos 309-310 (20/2/2021)

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