Headlines 27/09/2021 11:06 SA

Financial aid for employees paying UI contributions to ease Covid-19 impacts

Thục Uyên

The Government issues the Resolution No. 116/NQ-CP on support policies for employees and employers in a difficult situation due to Covid-19 by means of the Unemployment Insurance (UI) Fund.

According to this Resolution, financial aid is given to the following beneficiaries:

- Employees listed as those participating in Unemployment Insurance till September 30, 2021;  

(Except those working for state agencies, political organizations, socio-political organizations, units of people’s armed forces and public service delivery units whose recurrent expenditures are financed by the state budget).   

- Employees whose employment contracts have already been terminated within the period from January 1, 2020 to end of September 30, 2021, and whose UI contribution periods are reserved (except monthly old-age pensioners).   

  Financial aid amounts received that vary according to the UI contribution period during which unemployment benefits are not received will be calculated as follows:   

- UI contribution period of less than 12 months: 1,800,000 dong/person.

- UI contribution period between 12 months and less than 60 months: 2,100,000 dong/person.

- UI contribution period between 60 months and less than 84 months: 2,400,000 dong/person.  

- UI contribution period between 84 months and less than 108 months: 2,650,000 dong/person.  

- UI contribution period between 108 months and less than 132 months: 2,900,000 dong/person.  

- UI contribution period of at least 132 months: 3,300,000 dong/person.

 Financial aid is commencing on October 1, 2021 and completed by December 31, 2021 at the latest.  

For more details, please read the Resolution No. 116/NQ-CP dated September 24, 2021.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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