Circular
23/2020/TT-BLDTBXH
Circular 23/2020/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 | 23/2020/TT-BLDTBXH | In effect | 15/02/2021 | Ministry of Home Affairs | https://phapluat.gov.vn/legal-documents/146700 |
Summary
Circular 23/2020/TT-BLDTBXH, issued by the Ministry of Labour, Invalids and Social Affairs on 30 December 2020, sets the indexation coefficients used to restate past monthly salaries and incomes on which social insurance was paid. It implements Decrees 115/2015/ND-CP (compulsory social insurance) and 134/2015/ND-CP (voluntary social insurance), takes effect on 15 February 2021, and applies from 1 January 2021. It replaces Circular 35/2019/TT-BLDTBXH. The rules are directly relevant to pension and lump-sum calculations because they fix the multipliers that convert historic contribution salaries to present value before the average is taken. The circular covers two groups. The first is people on employer-decided wages, plus those on state-scale wages who first joined social insurance from 1 January 2016, who claim a pension,…