What are regulations on adjustment of monthly salary used for social trực tiếp bóng đá k+ contributions in Vietnam from February 28, 2025?

Which entities are subject to the adjustment of monthly salary used for social trực tiếp bóng đá k+ contributions in Vietnam?

On January 10, 2025, the Minister of Labor, War Invalids, and Social Affairs issuedThông tư 01/2025/TT-BLĐTBXHstipulating the adjustment levels of salary and monthly income used for social trực tiếp bóng đá k+ contributions.

Based on Article 1 ofCircular 01/2025/TT-BLDTBXH, the applicable subjects are specified as follows:

Article 1. Applicable Subjects

1. Subjects for adjusting the salary contributed to social trực tiếp bóng đá k+ as stipulated in Clause 1 and Clause 2 of Article 10 of Decree No. 115/2015/ND-CP include:

a) Employees under the salary policies defined by the State, starting to participate in social trực tiếp bóng đá k+ from January 1, 2016 onwards, receiving retirement pensions, lump-sum allowances upon retirement, lump-sum social trực tiếp bóng đá k+ or die and their relatives receive a lump-sum survivorship allowance within the period from January 1, 2025, to December 31, 2025.

b) Employees contributing to social trực tiếp bóng đá k+ under salary policies decided by employers, receiving retirement pensions, lump-sum allowances upon retirement, lump-sum social trực tiếp bóng đá k+ or die and their relatives receive a lump-sum survivorship allowance within the period from January 1, 2025, to December 31, 2025.

2. Subjects for adjusting monthly income contributed to social trực tiếp bóng đá k+ as stipulated in Clause 2 of Article 4 of Decree No. 134/2015/ND-CP are those participating in voluntary social trực tiếp bóng đá k+ receiving retirement pensions, lump-sum allowances upon retirement, lump-sum social trực tiếp bóng đá k+ or die and their relatives receive a lump-sum survivorship allowance within the period from January 1, 2025, to December 31, 2025.

Thus, the subjects for adjusting the monthly salary used for social trực tiếp bóng đá k+ contributions include:

[1]Employees under the salary policies defined by the State, starting to participate in social trực tiếp bóng đá k+ from January 01, 2016, onwards, receiving retirement pensions, lump-sum allowances upon retirement, lump-sum social trực tiếp bóng đá k+ or die and their relatives receive a lump-sum survivorship allowance within the period from January 01, 2025, to December 31, 2025.

[2]Employees contributing to social trực tiếp bóng đá k+ under salary policies decided by employers, receiving retirement pensions, lump-sum allowances upon retirement, lump-sum social trực tiếp bóng đá k+ or die and their relatives receive a lump-sum survivorship allowance within the period from January 01, 2025, to December 31, 2025.

What are regulations on adjustment of monthly salary used for social trực tiếp bóng đá k+ contributions in Vietnam from February 28, 2025?​ (Image from the Internet)

What are regulations on adjustment of monthly salary used for social trực tiếp bóng đá k+ contributions in Vietnam from February 28, 2025?

In Article 2 ofCircular 01/2025/TT-BLDTBXH, it is stipulated that the monthly salary contributed to social trực tiếp bóng đá k+ is adjusted according to the following formula:

Monthly salary contributed to social trực tiếp bóng đá k+ after adjustment for each year = Total monthly salary contributed to social trực tiếp bóng đá k+ for each year x Adjustment level of social trực tiếp bóng đá k+ contribution salary of the corresponding year

In which, the adjustment level of social trực tiếp bóng đá k+ contribution salary of the corresponding year is implemented according to the table below:

For employees who have periods of contributing to social trực tiếp bóng đá k+ under both State-defined salary policies and employer-decided salary policies, the monthly salary contributed to social trực tiếp bóng đá k+ for employees who start participating in social trực tiếp bóng đá k+ under State-defined salary policies from January 01, 2016, onwards and the monthly salary used for social trực tiếp bóng đá k+ contributions under employer-decided salary policies will be adjusted according to the regulations.

What is level of lump-sum social trực tiếp bóng đá k+ benefit when participating in compulsory social trực tiếp bóng đá k+ in Vietnam?

According to Clause 3, Article 70 of theLaw on Social trực tiếp bóng đá k+ 2024stipulating the lump-sum social trực tiếp bóng đá k+ benefit:

Article 70. Lump-Sum Social trực tiếp bóng đá k+ Benefit

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3. The level of lump-sum social trực tiếp bóng đá k+ benefit is calculated based on the number of years contributed and the basis of social trực tiếp bóng đá k+ contributions, excluding the amount of state budget support for voluntary social trực tiếp bóng đá k+ contributions, calculated as follows for each year:

a) Equal to 1.5 months of the average monthly salary contributed to social trực tiếp bóng đá k+ for the years contributed before 2014.

If there are periods of social trực tiếp bóng đá k+ contributions before and after 2014 where the period before 2014 has odd months, these odd months are shifted to the period of social trực tiếp bóng đá k+ contributions from 2014 onwards to calculate the lump-sum social trực tiếp bóng đá k+ benefit;

b) Equal to 2 months of the average monthly salary contributed to social trực tiếp bóng đá k+ for the years contributed from 2014 onwards;

c) If the social trực tiếp bóng đá k+ contribution period is less than one year, the benefit level is equal to the amount already contributed but not exceeding 2 months of the average monthly salary contributed to social trực tiếp bóng đá k+.

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The level of lump-sum social trực tiếp bóng đá k+ benefit when participating in compulsory social trực tiếp bóng đá k+ is calculated based on the number of years contributed and the basis of social trực tiếp bóng đá k+ contributions, excluding the amount of state budget support for voluntary social trực tiếp bóng đá k+ contributions, calculated as follows for each year:

- Equal to 1.5 months of the average monthly salary contributed to social trực tiếp bóng đá k+ for the years contributed before 2014.

If there are periods of social trực tiếp bóng đá k+ contributions before and after 2014 where the period before 2014 has odd months, these odd months are shifted to the period of social trực tiếp bóng đá k+ contributions from 2014 onwards to calculate the lump-sum social trực tiếp bóng đá k+ benefit;

- Equal to 2 months of the average monthly salary contributed to social trực tiếp bóng đá k+ for the years contributed from 2014 onwards;

- If the social trực tiếp bóng đá k+ contribution period is less than one year, the benefit level is equal to the amount already contributed but not exceeding 2 months of the average monthly salary contributed to social trực tiếp bóng đá k+.

Note: TheLaw on Social trực tiếp bóng đá k+ 2024comes into effect on July 01, 2025.