Circular No. 32/2017/TT-BLDTBXH dated December 29, 2017 of the Ministry of Labor, War Invalids and Social Affairs on indexing factors in calculation of average monthly salary and earnings for which social insurance has been paid

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Circular No. 32/2017/TT-BLDTBXH dated December 29, 2017 of the Ministry of Labor, War Invalids and Social Affairs on indexing factors in calculation of average monthly salary and earnings for which social insurance has been paid
Issuing body: Ministry of Labor, Invalids and Social AffairsEffective date:
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Official number:32/2017/TT-BLDTBXHSigner:Le Quan
Type:CircularExpiry date:
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Issuing date:29/12/2017Effect status:
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Fields:Insurance , Labor - Salary

SUMMARY

Indexing factors in calculating monthly salary paid for social insurance in 2018

On December 29, 2017, the Ministry of Labor, War Invalids and Social Affairs issued Circular No. 32/2017/TT-BLDTBXH on indexing factors in calculation of average monthly salary and earnings for which social insurance has been paid.

Specifically, with regards to employees eligible for the salary policy regulated by the State and paying social insurance from January 01, 2016 onwards and entitled to lump-sum social insurance or employees whose relatives are eligible for lump-sum survivorship allowance upon their death from January 01, 2018 to December 31, 2018; Employees paying social insurance according to the salary policy decided by their employers and entitled to pension, lump-sum pension, lump-sum social insurance or employees whose relatives are eligible for lump-sum survivorship allowance upon their death from January 01, 2018 to December 31, 2018, monthly salary for which social insurance has been paid shall be indexed as follows:

Indexed monthly salary as the basis for annual social insurance payment equal Total monthly salary as the basis for annual social insurance payment multiply Annual indexing factor.

For person who pays the voluntary social insurance and are entitled to pension, lump-sum pension, lump-sum social insurance or people whose relatives are eligible for lump-sum survivorship allowance upon their death from January 01, 2018 to December 31, 2018, monthly earnings for which social insurance has been paid shall be indexed as follows:

Indexed monthly earnings as the basis for annual social insurance payment equal Total monthly earnings as the basis for annual social insurance payment multiply Annual indexing factor.

Within that, annual indexing factors are specified in Table No. 1, Table No. 2 of Circular No. 32/2017/TT-BLDTBXH.

This Circular takes effect on February 15, 2018.

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THE MINISTRY OF LABOR, WAR INVALIDS AND SOCIAL AFFAIRS

Circular No. 32/2017/TT-BLDTBXH dated December 29, 2017 of the Ministry of Labor, War Invalids and Social Affairs on indexing factors in calculation of average monthly salary and earnings for which social insurance has been paid

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

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

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

At the request of the Director of the Department of Social Insurance,

The Minister of Labor, War Invalids and Social Affairs promulgates a Circular on indexing factors in calculation of average monthly salary and earnings for which social insurance has been paid.

Article 1. Subject of application

1. Persons eligible for the indexing of salary for which social insurance has been paid mentioned in Clause 1 and Clause 2 Article 10 of the Decree No. 115/2015/ND-CP include:

a) Employees eligible for the salary policy regulated by the State and paying social insurance from January 01, 2016 onwards and entitled to lump-sum social insurance or employees whose relatives are eligible for lump-sum survivorship allowance upon their death from January 01, 2018 to December 31, 2018.

b) Employees paying social insurance according to the salary policy decided by their employers and entitled to pension, lump-sum pension, lump-sum social insurance or employees whose relatives are eligible for lump-sum survivorship allowance upon their death from January 01, 2018 to December 31, 2018.

2. Persons eligible for the indexing of earnings for which social insurance has been paid mentioned in Clause 2 Article 4 of the Decree No. 134/2015/ND-CP shall be those who pay the voluntary social insurance and are entitled to pension, lump-sum pension, lump-sum social insurance or people whose relatives are eligible for lump-sum survivorship allowance upon their death from January 01, 2018 to December 31, 2018.

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