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MINISTRY OF
LABOR, WAR INVALIDS AND SOCIAL AFFAIRS
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SOCIALIST
REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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No.
32/2017/TT-BLDTBXH
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Hanoi, December
29, 2017
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CIRCULAR
ON INDEXING FACTORS
IN CALCULATION OF AVERAGE MONTHLY SALARY AND EARNINGS FOR WHICH SOCIAL
INSURANCE HAS BEEN PAID
Pursuant to the Government’s Decree No.
14/2017/ND-CP dated February 17, 2017 on functions, tasks, power and
organizational structure of the Ministry of Labor, War Invalids and Social
Affairs;
Pursuant to the Government’s Decree No.
115/2015/ND-CP dated November 11, 2015 specifying certain articles of the Law
on Social insurance on compulsory social insurance (hereinafter referred to as
“Decree No. 115/2015/ND-CP”);
Pursuant to the Government’s Decree No.
134/2015/ND-CP dated December 29, 2015 specifying certain articles of the Law
on Social insurance on voluntary social insurance (hereinafter referred to as
“Decree No. 134/2015/ND-CP”);
At the request of the Director of the Department
of Social Insurance,
The Minister of Labor, War Invalids and Social
Affairs promulgates a Circular on indexing factors in calculation of average
monthly salary and earnings for which social insurance has been paid.
Article 1. Regulated entities
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a) Employees eligible for the salary policy
regulated by the State and paying social insurance from January 01, 2016
onwards and entitled to lump-sum social insurance or employees whose relatives
are eligible for lump-sum survivorship allowance upon their death from January
01, 2018 to December 31, 2018.
b) Employees paying social insurance according to
the salary policy decided by their employers and entitled to pension, lump-sum
pension, lump-sum social insurance or employees whose relatives are eligible
for lump-sum survivorship allowance upon their death from January 01, 2018 to
December 31, 2018.
2. Persons eligible for the indexing of earnings
for which social insurance has been paid mentioned in Clause 2 Article 4 of the
Decree No. 134/2015/ND-CP shall be those who pay the voluntary social insurance
and are entitled to pension, lump-sum pension, lump-sum social insurance or
people whose relatives are eligible for lump-sum survivorship allowance upon
their death from January 01, 2018 to December 31, 2018.
Article 2. Indexing in calculation of monthly
salary for which social insurance has been paid
1. Monthly salary for which social insurance has
been paid applied to the persons mentioned in Clause 1 Article 1 herein shall
be indexed as follows:
Indexed monthly
salary as the basis for annual social insurance payment
=
Total monthly
salary as the basis for annual social insurance payment
X
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Annual indexing factors are specified in the
following Table No. 1:
Table No. 1:
Year
Before 1995
1995
1996
1997
1998
1999
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2001
2002
2003
2004
2005
2006
Indexing factor
4.56
3.87
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3.54
3.29
3.15
3.20
3.21
3.09
3.00
2.78
2.57
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Year
2007
2008
2009
2010
2011
2012
2013
2014
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2016
2017
2018
Indexing factor
2.21
1.79
1.68
1.54
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1.19
1.11
1.07
1.06
1.04
1.00
1.00
2. If an employee pays both the social insurance
according to the salary policy regulated by the State and the social insurance
according to the salary policy decided by his/her employer, the monthly salary
as the basis for social insurance for the employee shall be paid according to
the salary policy regulated by the State from January 01, 2016 onwards and the
monthly salary for which social insurance has been paid according to the salary
policy decided by the employer shall be indexed according to Clause 1 herein.
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1. Monthly earnings for which social insurance has
been paid applied to the entities mentioned in Clause 2 Article 1 herein shall
be indexed as follows:
Indexed monthly
earnings as the basis for annual social insurance payment
=
Total monthly
earnings as the basis for annual social insurance payment
X
Annual indexing
factor
Annual indexing factors are specified in the
following Table No. 2:
Table No. 2:
Year
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2009
2010
2011
2012
2013
Indexing factor
1.79
1.68
1.54
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1.19
1.11
Year
2014
2015
2016
2017
2018
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1.07
1.06
1.04
1.00
1.00
2. If the employee pays both the compulsory social
insurance and the voluntary social insurance, the monthly earnings for which
the voluntary social insurance has been paid shall be indexed according to
Clause 1 this Article and the monthly earnings for which the compulsory social
insurance shall be indexed according to Article 10 of the Decree No.
115/2015/ND-CP and Article 2 herein. The average monthly salary and earnings
for which social insurance has been paid as the basis for calculation of
pension, lump-sum pension, lump-sum social insurance and lump-sum survivorship
allowance specified in Clause 4 Article 11 of the Decree No. 115/2015/ND-CP and
Clause 4 Article 5 of the Decree No. 134/2015/ND-CP.
Article 4. Implementation provisions
1. This Circular comes into force from February 15,
2018; the indexing specified herein shall be applicable from January 01, 2018.
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PP. MINISTER
DEPUTY MINISTER
Le Quan