On Jan. 20, VIE VSS issued circular re social insurance adjustments.
VIE VSS issued circular on social insurance salary and income adjustment factors.
Scope of Application
Covers mandatory social insurance participants from Jan. 1 to Dec. 31, 2025, and also applies to pension, one-time retirement benefits, and lump-sum payments.
Death benefits for eligible dependents; mandatory insurance adjustments apply.
Applies to two categories of workers, including state-regulated salary scheme participants since Jan. 1, 2016, and employer-determined salary scheme participants.
Adjustment formula applies to monthly salary basis for social insurance contributions, combined periods under state, employer salary schemes, calculations for retirement, death benefits; voluntary insurance adjustments cover voluntary participants.
Namely, those receiving pensions, one-time retirement benefits, lump-sum payments, death benefits for dependents; base calculation methods follow existing legal decrees.
Effectiveness
The circular takes effect from Feb. 28, 2025; the provisions apply from Jan. 1, 2025.
