The Law on Social Insurance stipulates that employees pay 10.5% of their monthly salary as the basis for social insurance contributions to the social insurance fund and employers pay 21.5%.
The Social Insurance Law 2024, which will take effect from July 1, has expanded the subjects required to participate in compulsory social insurance.
According to this new regulation, employees and employers who have a contract of 1 month or more must pay social insurance, instead of 3 months as currently regulated.
In addition, the Law on Social Insurance 2024 stipulates that the salary used as the basis for social insurance contributions includes salary, salary allowances and other supplements. In which, other supplements are understood to be those agreed upon in the labor contract and paid regularly and stably in each salary payment period.
The salary used as the basis for compulsory social insurance does not include other benefits and allowances such as innovation bonuses; mid-shift meal allowances; allowances for gasoline, telephone, travel, housing, childcare, and child support.
Support payments when a relative dies, a relative gets married, a birthday, allowances for employees facing difficult circumstances due to work-related accidents or occupational diseases, and other support and allowances recorded as separate items in the labor contract according to the provisions of labor law are also not subject to social insurance.
Regarding the contribution rate, the Social Insurance Law 2024 stipulates that the total contribution rate to the social insurance fund in 2025 is 32%, equal to the rate of current regulations. Employees contribute 10.5% of their monthly salary as the basis for social insurance contributions, of which 8% is to the pension and death fund, 1% to the unemployment insurance fund and 1.5% to the health insurance fund.
Employers contribute 21.5% of monthly salary to the social insurance fund, including 14% for retirement, 3% for sickness and maternity, 0.5% for work-related accidents and occupational diseases, 3% for health insurance and 1% for unemployment insurance.
According to VNA
Source: https://baothanhhoa.vn/tu-ngay-1-7-ap-dung-nhieu-quy-dinh-moi-ve-bao-hiem-xa-hoi-bat-buoc-250738.htm
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