Knowing how to calculate one-time social insurance will help employees easily know how much social insurance they receive when they no longer need to pay social insurance. According to the provisions of the 2014 Social Insurance Law, employees have the right to withdraw social insurance money one time if after 12 months they do not need to continue paying or no longer participate in social insurance. Below is detailed information and how to calculate one-time social insurance.
Instructions for using the online one-time social insurance calculation tool
With the one-time social insurance payment calculator above, you will immediately know how much social insurance you receive in one time.
We can add many different stages of social insurance payment by clicking Add stage. For maternity subjects, click on the Maternity period box to add time.
If you want Delete any added stages then you just need to click Trash icon to delete okay.
Fill in all the information about the process as well as the social insurance payment period and then click Calculate social insurance button. The tool will then display the lump sum social insurance amount. In particular, below there will be details on how to calculate social insurance for each period and each year for your reference.
How to calculate one-time social insurance
According to Circular 59/2015/TT-BLDTBXH detailing and guiding the implementation of a number of articles of the social insurance law on compulsory social insurance, specific one-time social insurance benefits are specified as follows:
Benefit level = (1.5 x MBQTL x Time to pay social insurance before 2014) + (2 x MBQTL x Time to pay social insurance after 2014)
In case you have not paid for 1 full year, the benefit level is equal to the amount paid, the maximum level is equal to 2 months' average salary.
MBQTL is the average monthly salary paid for social insurance.
MBQTL = (Number of months paying social insurance x Monthly salary/monthly income paying social insurance x Annual adjustment) ÷ Total number of months paying social insurance
How to receive one-time social insurance benefits is calculated based on the number of years participating in social insurance.
Note:
- Time to participate in odd social insurance: from 1-6 months counted as 1/2 year, from 7-11 months counted as 1 year.
- The one-time social insurance benefit does not include the amount of money the State supports paying for voluntary social insurance (except in cases of serious illness).
Adjusted monthly income for which social insurance has been paid
There will be 2 levels of monthly income adjustment for social insurance payment for 2 subjects: participating in compulsory social insurance and participating in voluntary social insurance.
For those participating in compulsory social insurance
For those participating in voluntary social insurance
Note: When wanting to receive one-time social insurance, if there are odd months, the employee should try to pay 7 months or more to round up to 1 year of social insurance payment.
