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Chủ Nhật, Ngày 26/09/2021, 16:00
Nearly 30,000 billion VND from the Unemployment Insurance Fund to support employees affected by the Covid-19 pandemic
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26/09/2021

​PORTAL - The Government promulgates Resolution no. 116/NQ-CP dated September 24, 2021 on policies to support employees and employers affected by the Covid-19 pandemic from the Unemployment Insurance (UI) Fund.

Accordingly, from October 01, 2021, cash support will be provided to employees affected by the Covid-19 pandemic from the UI fund balance with a budget of about 30,000 billion VND. The support must be completed by December 31, 2021 at the latest.

It is applied to employees who are participating in UI as of September 30, 2021 (excluding employees working in state agencies, political organizations, socio-political organizations, people's armed forces units and public non-business units whose recurrent expenditures are guaranteed by the state budget). Employees who have stopped participating in UI due to termination of their labor contract or working contract in the period from January 01, 2020 to the end of September 30, 2021, have the period of UI payment reserved in accordance with the employment law, excluding monthly pensioners.

The support level is based on the period of UI payment not yet enjoying unemployment allowance of the employees. Specifically, the period of UI payment under 12 months, supporting 1,800,000 VND/person; from full 12 months to under 60 months, supporting 2,100,000 VND/person; from full 60 months to less than 84 months, supporting 2,400,000 VND/person; from full 84 months to under 108 months, supporting 2,650,000 VND/person; from full 108 months to less than 132 months, supporting 2,900,000 VND/person; from full 132 months or more, supporting 3,300,000 VND/person.

At the same time, reducing the payment to the UI Fund for employers affected by the Covid-19 pandemic (employers specified in Article 43 of the Employment Law, excluding state agencies, political organizations, socio-political organizations, people's armed forces and public non-business units whose recurrent expenditures are guaranteed by the state budget are participating in UI before October 01, 2021). The employer is entitled to reduce the payment rate from 1% to 0% of the monthly salary fund of employees who are subject to UI. The time to reduce the payment rate is 12 months, from October 01, 2021 to the end of September 30, 2022.​

Reported by Yen Nhi - Translated by Nguyen Trang

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