Circular 23/2016 / TT-MOLISA guiding the calculation of pension increase

Circular 23/2016 / TT-MOLISA guiding the calculation of pension increase

Dated 07.15.2016, the Ministry of Labour - Invalids and Social Affairs issued Circular 23/2016 / TT-MOLISA guiding the adjustment of pensions and social insurance allowances and monthly allowances under Decree 55 / 2016 / ND-CP.

Accordingly, the calculation of specific guidelines and time salary increase salary increase for the subjects mentioned below:

- The start on pension or monthly allowance during the period from 01.01.2015 until the day before the date of 01/5/2016

Example

New pension levels after adjustment

The moment the new salary

Starting from the date of 01.01.2015 on pension at retirement at May 01/2015 is 5,200,000 VND / month.

5,200,000 VND / month x 1.08 = 5.616 million dong / month

From May 01/2015

Start date 01/3/2016 pension benefit at retirement at May 3/2016 is 4,800,000 VND / month.

4,800,000 VND / month x 1.08 = 5.184 million dong / month


From May 3/2016

- Persons with pensions, allowances under 2,000,000 / month

Example

New pension levels after adjustment

The moment the new salary

Starting on pension from 01/01 in 2016 with a monthly pension at the time of 01/2016 is 1,600,000 VND / month.


Thus, subject to adjustment up 8% as stipulated in Article 2 of this Circular, should the adjustment of pensions after an increase of 8% is: 1,600,000 VND / month x 1.08 = 1,728,000 VND / straight

Due to lower pension levels 1,750,000 VND / month, should be further subject to additional adjustments 250,000 dong / month as stipulated in Point a Paragraph 1 of Article 3 of Circular 23/2016 / TT-MOLISA.

Pension levels after adjustment is: 1,728,000 VND / month + VND250,000 / month = 1.978 million dong / month

From May 01/2016

Loss allowance monthly labor at 12/2015 entitled at the time was 1.86 million contracts.

Due to the labor incapacity benefits range from over 1,850,000 VND / month to 2,000,000 / month, should be entitled to adjust the level of subsidies as defined in Paragraph 1 Point d Article 3 of Circular 23/2016 / TT-MOLISA.

The level of labor incapacity benefits after adjustment is 2,000,000 / month.

From May 01/2016

- Preschool teachers have lower pension base salary

Example

New pension levels after adjustment

The moment the new salary

Preschool teachers have time to work in early childhood education facility prior to 01.01.1995, starting from the date of 01/3/2015 on pension at pension at the time of the month 3/2015 is VND 800,000 /straight.

Thus, subject to adjustment up 8% as stipulated in Article 2 of Circular 23/2016 / TT-MOLISA, pension levels after adjusting rose 8% of: 800,000 VND / month x 1.08 = VND864,000 /straight

- Due to lower pension levels 1,750,000 VND / month, should be entitled to continue to raise by 250,000 dong / month as stipulated in Point a Paragraph 1 of Article 3 of Circular 23/2016 / TT-MOLISA. Pension levels after adjustment 250,000 increase is: VND864,000 / month + VND250,000 / month = 1.114 million dong / month

- Because of pensions as at 01/01/2016 1,150,000 lower / month, should the subjects be revised up by 1.15 million dong / month; as at 01/5/2016 lower than 1.21 million dong / month, so she E entitled adjusted 1.21 million increased by VND / month as stipulated in Paragraph 1, Article 4 of Circular 23/2016 / TT-MOLISA.

Pension benefit level in stages as follows:

- From January to June 12/2015 3/2015 is VND864,000 / month;

- From January to June 4/2016 01/2016 is VND 1,150,000 / month;

- From January to June 5/2016 12/2016 is 1.21 million VND / month.

Circular 23/2016 / TT-MOLISA has entered into force on 01/9/2016.

 

Related Articles
There will be a decree on transfer pricing

There will be a decree on transfer pricing

Reply voters Tien Giang Province, the Ministry of Finance said that, next time, the Ministry of Finance will continue to implement synchronous measures to limit prevents the abuse of transfer pricing ...
06 policies on taxes and fees take effect from mid-August

06 policies on taxes and fees take effect from mid-August

Here are 06 new policies in the field of taxes and fees came into effect from 11th - 08.20.2016. 1. New guidelines on value-added tax refund (VAT) According to Circular 99/2016 / TT-BTC ...
39 Issued government auditing standards new

39 Issued government auditing standards new

Dated 07.15.2016, the State Auditor General signed Decision 02/2016 / QD-SAV promulgating auditing standards system state. Whereby: You Nguyen - The system includes 39 state audit standards and ...


Legislation

Dated 07.15.2016, the Ministry of Labour - Invalids and Social Affairs issued Circular 23/2016 / TT-MOLISA guiding the adjustment of pensions and social insurance allowances and monthly allowances under Decree 55 / 2016 / ND-CP. Accordingly, the calculation of specific guidelines and time salary ...

Read more

Reply voters Tien Giang Province, the Ministry of Finance said that, next time, the Ministry of Finance will continue to implement synchronous measures to limit prevents the abuse of transfer pricing to evade state taxes. One of them is the Government issued a decree on transfer pricing, to reduce ...

Read more

Here are 06 new policies in the field of taxes and fees came into effect from 11th - 08.20.2016. 1. New guidelines on value-added tax refund (VAT) According to Circular 99/2016 / TT-BTC (effective from 08.13.2016), the time limit for VAT refund for VAT refund cases before examination be ...

Read more

Dated 07.15.2016, the State Auditor General signed Decision 02/2016 / QD-SAV promulgating auditing standards system state. Whereby: You Nguyen - The system includes 39 state audit standards and Glossary used in the system of state audit standards, with the codes and specific name. - To ...

Read more
Stories law
Clarification
Clarification bus collision kills 10 graders

During the past several months, the victim's mother Le Thi Linh travel uninterrupted petition ...

Trouble
Trouble inherit savings books

In recent years the passbook inheritance gradually becoming popular. To receive these payments, the ...

Selling
Selling land plots are not separate, can still be a co

Judicial body that is not wrong, but jobs on the local government banned because of concerns the ...

Hot news
Allowing
Allowing builders wrong, the former owner or the new owner to pay a fine?

Acts of administrative violations had decided administratively sanctioned but not yet implemented, ...

Divorced,
Divorced, returned to public life is recognized spouse?

2013, we were treated to a divorce court, each raising a child. Recently, we moved to live together ...

Unregistered
Unregistered marriages have been common names in the red book?

Exchanging the program "Three minutes and lawyer" of the Reuters report, lawyer Nguyen ...

Website design services Oil and gas equipment suppliers Vietnam