Find out the latest 3 ways to calculate the latest one-time social insurance payment

We will guide you how to calculate 1 time social insurance with countless methods that are both easy to implement and extremely accurate. If you don’t know how to calculate it, why wait to discover it? GhienCongListen?

Conditions for one-time social insurance benefits

According to the Government’s regulations, an employee who makes a request is entitled to receive a lump-sum social insurance if they fall into one of the following cases:

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• Having reached the retirement age but not yet having paid social insurance contributions for less than 20 years.
• Female employees working full-time or part-time in communes, wards or townships have reached the retirement age but have not paid full 15 years of social insurance premiums when they retire and do not continue to participate in voluntary social insurance.
• Going abroad to settle down.
• Suffering from one of life-threatening diseases such as cancer, polio, cirrhosis of the liver ascites, leprosy, severe tuberculosis, HIV infection that has progressed to AIDS and other diseases as prescribed by the Ministry of Health.
• Police and soldiers when serving, demobilizing or quitting their jobs but are not eligible for pension.
• After 1 year of leaving work or after 1 year of not continuing to participate in voluntary social insurance, less than 20 years of paying social insurance premiums.

How to calculate 1 time Social Insurance

Use the online one-time social insurance calculation system

For the one-time social insurance calculation online, you need to visit LuatVietNam’s website and follow the steps below:

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Step 1: Choose to calculate voluntary social insurance, compulsory or both.

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Step 2: Enter the period of payment of social insurance by month/year and the salary for social insurance payment. Press + MORE STAGE If you pay social insurance in different stages and press + PARTNERSHIP STAGE if any.

Step 3: Press the button CALCULATION of social insurance

How to calculate 1 time social insurance on VssID

Besides, to be able to check correctly, you can use the VssID application of the social insurance agency, after entering the social insurance code, you can review the participation process with the stages and the amount of insurance premium exact danger.

Note to use and access this application, you need to register with the social insurance agency to activate your account.

Some things you need to keep in mind for how to calculate 1 time social insurance by VssID:

• This calculation system only applies to full-time employees who pay compulsory social insurance according to the salary system decided by the enterprise.
• The calculation formula is only for employees who have paid compulsory social insurance for full 01 year or more.
• The calculated one-time social insurance premium includes the slippage coefficient at the time of search.

Formula for calculating one-time social insurance

If you do not want to apply the 2 methods of calculating the social insurance premium 1 time above, you can also calculate it yourself with the formula below.

Clause 2, Article 8 of Decree 115/2015/ND-CP clearly stipulates how to calculate the one-time social insurance payment based on the number of years of paying social insurance premiums. Each year will be calculated as follows:

• 1.5 months average monthly salary on which social insurance premiums are based for the years of payment before 2014.
• 02 months average monthly salary on which social insurance premiums are based for the years of payment from 2014 onwards.

With the reduced calculation formula will be:

• Benefit level = (1.5 x MBQTL x Time of payment of social insurance premiums before 2014) + (2 x MBQTL x Time of payment of social insurance premiums after 2014)

In there:

• The period of payment of social insurance premiums with odd months, from 01 to 06 months is counted as half a yearfrom 07 to 11 months is counted as 01 year. If by January 1, 2014, if the period of payment of social insurance premiums has odd months, those odd months will be transferred to the period of payment of social insurance premiums from January 1, 2014. 01/01/2014 onwards.
• MBQTL is the average monthly salary on which social insurance premiums are based: Calculated according to the formula MBQTL = (Number of months of payment of social insurance premiums x Monthly salary/monthly income for payment of social insurance premiums x Annual adjustment rate) / Total number of months of payment of social insurance.

With compulsory social insurance

Article 2 of Circular 23/2020/TT-BLDTBXH stipulates the adjustment of the monthly salary on which the compulsory social insurance premium is based, specifically as follows:

With voluntary social insurance

Article 2 of Circular 23/2020/TT-BLDTBXH stipulates the adjustment of the monthly income on which voluntary social insurance premiums are based, specifically as follows:

In there:

• The one-time social insurance allowance for employees who have paid social insurance premiums for less than one year is equal to 22% of the monthly salary for which social insurance has been paid.
• The maximum level is equal to 2 months of the average monthly salary on which social insurance premiums are based.

How to calculate 1 time social insurance money manually is quite complicated and complicated, so try to use 1 of 3 ways to guide the number received will be more accurate.

Notes when receiving one-time social insurance

Many workers who do not want to lose monthly expenses to pay social insurance or need a sum of money to cover expenses will choose to receive one-time social insurance, but receiving one-time social insurance also brings the recipients losses. as significant as:

• The amount of social insurance received is less than the total amount of social insurance contributions.
• Do not continue to accumulate time participating in social insurance.
• You may lose your chance to get a free health insurance card.
• There is no monthly pension in old age.
• Loss of funeral and death benefits upon unfortunate death.

If the employee has reached retirement age but has not had enough years to pay social insurance premiums, he or she can continue to pay for the full number of years and receive benefits from social insurance.

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