Instead of the basic salary, a reference level appears to calculate social insurance regime.

The draft revised Law on Social Insurance has been accepted and revised to include a reference level.

According to the draft Law, the reference level is the amount of money prescribed by the Government to calculate the contribution and benefit levels of some social insurance regimes.

The reference level is adjusted based on the increase in the consumer price index, economic growth and in accordance with the capacity of the state budget and social insurance fund.

Compared with the current law, the draft revised Law on Social Insurance has replaced the basic salary with a reference level to calculate contributions and enjoy a number of social insurance regimes.

Specifically, regarding the basis for social insurance contributions, the draft Law stipulates that the salary used as the basis for compulsory social insurance contributions is at least equal to the reference level and at most 20 times the reference level at the time of contribution in the prescribed cases.

The income used as the basis for voluntary social insurance contributions of the subjects is determined to be at least equal to the poverty line of rural areas and at most 20 times the reference level applied at the time of payment.

Compared to the draft revised Law on Social Insurance presented at the 6th session, the reference level has replaced the basis for contribution based on the monthly minimum wage. Compared to the current law, the reference level has replaced the basic wage.

In addition, the draft Law also states that the level of health care and recovery benefits after illness per day is equal to 30% of the reference level, replacing the amount of VND 540,000 stated in the draft revised Law on Social Insurance submitted to the 6th session.

In addition, the one-time allowance for each child, the level of maternity care and recovery benefits, the funeral allowance, and the monthly death allowance for each relative are all regulated according to the reference level.

Pursuant to the provisions of the Law on Social Insurance 2014, currently social insurance benefits are calculated based on the basic salary as follows: The level of health care and recovery benefits after illness per day is equal to 30% of the basic salary; the one-time benefit level when giving birth or adopting a child.

The level of maternity leave and health recovery allowance per day is equal to 30% of the basic salary; the funeral allowance is equal to 10 times the basic salary.

The monthly death benefit for each relative is 50% of the basic salary. In case the relative has no direct caregiver, the monthly death benefit is 70% of the basic salary.

Source: https://dantri.com.vn/an-sinh/thay-muc-luong-co-so-xuat-hien-muc-tham-chieu-tinh-che-do-bao-hiem-xa-hoi-20240525101519687.htm