Circular
42/2016/TT-BLDTBXH
Circular 42/2016/TT-BLDTBXH on adjustment rates for monthly wages and income already paid into social insurance
Ministry of Home Affairs
The ministry for public administration and the civil service: government organisation and staffing, administrative boundaries, local government, salaries, and state records and archives. In 2025 it became the primary successor of the former MOLISA, taking on labour, employment, wages and social-affairs functions.
Document Type | Document Number | Status | Date Effective | Issuing Body | Official Source URL |
|---|---|---|---|---|---|
Circular | 42/2016/TT-BLDTBXH | In effect | 11/02/2017 | Ministry of Home Affairs | https://phapluat.gov.vn/legal-documents/117550 |
Summary
Circular 42/2016/TT-BLDTBXH, issued by the Ministry of Labor, Invalids and Social Affairs on 28 December 2016, sets the indexation coefficients used to adjust the monthly wages and monthly income on which social insurance has been paid. It implements Decree 115/2015/ND-CP on compulsory social insurance and Decree 134/2015/ND-CP on voluntary social insurance. These coefficients are essential to pension and lump-sum benefit calculations because past contributions must be revalued to present terms before averaging. The Circular applies to two groups whose benefits fall due between 1 January 2017 and 31 December 2017: people whose compulsory social insurance wages were set by the employer and who claim a pension, a one-time retirement allowance, a one-time social insurance payout, or whose survivors receive…