Salary as basis for social insurance contribution and social insurance contribution rate

Readers ask, according to the law, what are the salary items that employees receive as the basis for business owners to pay compulsory social insurance?

Readers ask: My brother works for a company, is paid by the company owner and that salary is used by the company owner as the basis for paying compulsory social insurance (SI) every month. So according to the law, what are the salary items that my brother receives as the basis for the company owner to pay compulsory SI?

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Answer: Point b, Clause 1, Article 31 of the 2024 Law on Social Insurance stipulates: For employees subject to the salary regime decided by the employer, the salary used as the basis for compulsory social insurance payment is the monthly salary, including the salary according to the job or position, salary allowances and other additional amounts agreed to be paid regularly and stably in each salary payment period.

In case an employee stops working but still receives a monthly salary equal to or higher than the lowest salary used as the basis for compulsory social insurance payment, the payment shall be based on the salary received during the period of work stoppage.

Compared with the above regulations, your brother's salary used by the business owner as the basis for compulsory social insurance payment is the monthly salary, including the salary according to the job or position, salary allowances and other additional amounts agreed upon between the business owner and your brother and paid regularly and stably in each salary payment period.

*Mr. Sung Giang Thanh in Khao Mang commune, Lao Cai province, asked: Could the editorial office inform us that the compulsory social insurance and voluntary social insurance contribution rates are what percentage of salary and income?

Answer: Article 32 of the 2024 Law on Social Insurance stipulates: The compulsory social insurance contribution rate includes: 3% of salary as the basis for social insurance contribution to the sickness and maternity fund; 22% of salary as the basis for social insurance contribution to the retirement and death fund. The voluntary social insurance contribution rate is equal to 22% of income as the basis for social insurance contribution to the retirement and death fund.

People's Army Newspaper

Source: https://baolaocai.vn/tien-luong-lam-can-cu-dong-bao-hiem-xa-hoi-va-ty-le-dong-bao-hiem-xa-hoi-post886081.html