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1. What is Unemployment Insurance?
Unemployment insurance is a form of financial assistance provided by insurance to help workers receive partial income support after losing their jobs, provided they have previously participated in insurance. In addition to the monetary benefits, when participating in unemployment insurance, you will enjoy many benefits such as:
- Counseling and job referral support.
- Vocational training support.
- Training and upgrading of professional skills.
Although the monthly unemployment allowance from unemployment insurance may not be substantial, it helps workers maintain their livelihoods to some extent, especially in situations where workers unexpectedly lose their jobs.
- Reference: What Is Unemployment Insurance?
2. Who Qualifies for Unemployment Insurance Benefits?
According to the regulations of Article 49 of the Labor Code 2013, individuals eligible for unemployment insurance must meet the following conditions:
- Minimum participation in unemployment insurance for 12 months within the 24 months prior to the termination of a fixed-term or indefinite labor contract; minimum participation in UI for 12 months within the 36 months prior to the termination of a seasonal or specific job contract with a duration of less than 12 months.
3. How to Calculate Unemployment Insurance
The calculation method for UI benefits is clearly and comprehensively defined in Article 50 of the Labor Code 2013. By applying these regulations, you can determine the amount of unemployment benefit you are entitled to:
Upon calculation, Mrs. A will receive a total of 22.35 million Vietnamese dong for the duration of 3 months, equating to 7.45 million dong per month, surpassing the maximum unemployment benefit.
Example 2: Mr. B, having contributed to insurance for 62 months at a salary of 6 million dong per month, will receive a total of 18 million dong from the insurance, with varying monthly benefits.
Therefore, Mr. B will receive 5 months of compensation with a monthly benefit of 3.6 million dong, amounting to 18 million dong from the insurance.
Example 3: Mrs. C, employed at a private enterprise for 16 months with a salary of 36 million dong per month, is entitled to a maximum unemployment benefit of 19.6 million dong per month, receiving 21.6 million dong per month.
Therefore, Mrs. C will receive a monthly allowance of 19.6 million dong for 3 months.
- Explore more: Online Gross to Net Salary Calculator
4. Online Unemployment Insurance Benefits Calculator
Utilize the JobOKO online tool to calculate unemployment insurance benefits based on the latest Employment Law regulations.
https://vn.joboko.com/unemployment-insurance-benefits-calculator
The tool also provides detailed explanations about the base salary under the salary regime, the monthly salary subject to unemployment insurance, the applicable monthly salary for calculating unemployment insurance, the maximum monthly unemployment benefits... helping you understand this benefit better.
With this unemployment insurance calculation tool, you simply input your actual unemployment insurance contribution and the number of months you've contributed, then select your region... as per the system's request. Finally, click on 'Calculate Insurance'. You'll discover your salary level.
5. Duration of Unemployment Insurance Benefits
Under Article 50 of the 2013 Labor Code, the duration of unemployment benefits is stipulated as follows: Depending on the number of months you've contributed to unemployment insurance, you may receive 3 months or more of unemployment benefits.
- From 12 to 36 months: Entitled to 3 months of unemployment benefits.
- For every additional 12 months, an extra month of unemployment benefits is granted.
However, the duration of unemployment benefits cannot exceed 12 months.
According to the regulation, if you have contributed for 48 months to unemployment insurance, you'll receive 4 months of unemployment assistance. If you've contributed for 60 months, you'll receive 5 months of unemployment benefits.
Note: The duration and amount of unemployment insurance benefits vary for each worker. To save time and effort, readers should refer to methods of checking unemployment insurance to understand the contribution process, cross-reference information, and prepare documents for claiming insurance benefits in accordance with regulations.
6. What Documents Are Required to Claim Unemployment Insurance?
According to Article 16 of Decree No. 28/2015/NĐ-CP, the documents required to claim unemployment benefits include various types of paperwork such as:
- Request form for unemployment benefits.
- Documents related to contract termination such as termination decision, dismissal decision, termination decision... (original or authenticated copy).
- Insurance booklet.
- Personal identification documents.
With the information shared above, hopefully, you now understand the regulations regarding unemployment insurance and are familiar with how to use JobOKO's online unemployment benefits calculator tool. Consequently, you can quickly calculate accurate and swift unemployment benefits.
