Decree No. 134/2008/ND-CP dated December 31, 2008 of the Government adjusting monthly incomes for which social insurance premiums have been paid for laborers participating in voluntary social insurance

 DECREE

ADJUSTING MONTHLY INCOMES FOR WHICH SOCIAL INSURANCE PREMIUMS HAVE BEEN PAID FOR LABORERS PARTICIPATING IN VOLUNTARY SOCIAL INSURANCE

THE GOVERNMENT

Pursuant to the December 25, 2001 Law on Organization of the Government;

Pursuant to the June 29, 2006 Law on Social Insurance;

A t the proposal of the Minister of Labor, War Invalids and Social Affairs and the Minister of Finance,

DECREES:

Article 1. To adjust monthly incomes for which social insurance premiums have been paid to serve as a basis for calculating the average monthly incomes on which social insurance premiums are based for laborers who once paid social insurance premiums under the type of voluntary social insurance.

Article 2. Subjects of application are laborers who participate in voluntary social insurance on or later than January I, 2008, then receive retirement pension, lump-sum allowance upon retirement, lump-sum social insurance benefit or die and their relatives receive a lump-sum survivorship allowance according to the provisions of Law on Social Insurance regarding voluntary social insurance.

Article 3.

1. The adjustment level of monthly incomes for which social insurance premiums have been paid applicable to the subjects specified in Article 2 of this Decree shall be calculated on the basis of the average annual consumer price index announced every year by the General Statistics Office under the Ministry of Planning and Investment according to the following formula:

Social Affairs shall guide the implementation of this Decree.