The minimum voluntary Social Insurance fee is increased from 2022
10/01/2022
(binhthuan.gov.vn) From
January 01, 2022, according to regulations on multidimensional poverty line for
the period of 2021-2025 in Decree No. 07/2021/ND-CP dated January 27, 2021 of
the Government, the poverty line in rural areas has increased from 700,000 VND
to 1,500,000 VND/month, therefore, the level of State support for voluntary
social insurance and the minimum voluntary social insurance fee in 2022 will
also increase.
According to the
provisions of the Law on Social Insurance, the monthly payment of voluntary social
insurance is equal to 22% of the monthly income selected by the participants of
voluntary social insurance. The lowest monthly income selected by participants
of voluntary social insurance is equal to the poverty line of rural areas as
prescribed by the Prime Minister and the highest is 20 times of the base salary
at the time of payment.
Currently, due to the
salary reform has not been implemented in 2022, the base salary in 2022 is
still 1,490,000 VND/month. Therefore, the maximum voluntary social insurance fee
is: 1,490,000 VND x 20 = 29,800,000 VND/month.
When the Government
adjusts the poverty line of rural areas during the period that the participants
of voluntary social insurance have previously paid in the form of payment for 3
months, 6 months or 12 months, or as a lump sum payment for many years later, the
participants do not have to adjust the difference in the paid amount./.
Hữu Tri