Officially increase social insurance benefits from July 1, 2024

May I ask if from July 1, 2024, social insurance benefits will be adjusted to increase according to the new Resolution passed by the National Assembly? - Reader Minh Hang

Chính thức tăng trợ cấp BHXH từ ngày 1/7/2024

On November 10, the National Assembly passed a Resolution on the state budget estimate for 2024.

In addition to salary reform from July 1, 2024, the National Assembly also decided to adjust pensions, social insurance benefits, preferential benefits for meritorious people and a number of social security policies associated with the basic salary.

Officially increase social insurance benefits from July 1, 2024

Specifically, in the Resolution on the 2024 state budget estimate, in addition to implementing a comprehensive reform of the salary policy from July 1, 2024 according to Resolution 27-NQ/TW dated May 21, 2018 of the 7th Conference of the 12th Central Executive Committee, from this date, this Resolution will also adjust pensions, social insurance benefits, monthly allowances, preferential allowances for people with meritorious services and a number of social security policies currently associated with the basic salary .

Salary regime for cadres, civil servants and public employees before July 1, 2024

For central state administrative agencies and units implementing special financial and income management mechanisms, from January 1, 2024 to June 30, 2024: The monthly salary and additional income increase is calculated based on the basic salary of VND 1.8 million/month according to the special mechanism, ensuring that it does not exceed the salary and additional income received in December 2023 (excluding the salary and additional income increase due to adjustment of salary coefficients of salary scale and grade when upgrading grade and grade in 2024).

In case of calculation according to the above principle, if the salary and additional income in 2024 according to the special mechanism is lower than the salary according to general regulations, then only the salary regime according to general regulations will be implemented to ensure the rights of employees.

Abolish all special income mechanisms from 01/07/2023

From July 1, 2024, all financial management and specific income mechanisms of state administrative agencies and units will be abolished, and a unified salary, allowance and income regime will be applied.

Do not continue to apply the current special mechanism to the regular budget according to the special financial management mechanism (operating expenses, capacity building, modernization, ensuring professional activities, etc.) of state administrative agencies and units. Assign the Government to organize the implementation and report to the National Assembly at the 8th session.

Ministries, central and local agencies continue to implement solutions to create sources for reforming wage policies according to regulations.

Allowing to continue excluding some revenue items when calculating the increase in local budget revenue for salary reform as prescribed in Clause 2, Article 3 of Resolution 34/2021/QH15 dated November 13, 2021 of the National Assembly.

Allowing the transfer of budget sources to implement 3 National Target Programs to 2024

The Resolution on the 2024 state budget estimate allows the use of the recovered funds temporarily allocated in 2022 for a number of localities to implement the policy of supporting housing rent for workers with a surplus, transferring the source to supplement localities lacking resources to implement the policy and finalize the 2023 budget year.

Allowing the transfer of revenue sources, cuts, and savings from the central budget in 2021 to arrange annual public investment estimates and plans in 2023, 2024, and 2025 for projects of the Ministry of Transport and 08 localities.

Allow the transfer of the state budget estimate to implement 03 National Target Programs in 2023 (including development investment capital, regular expenses of the central budget and local budget) to 2024 for continued implementation.

In addition, the National Assembly assigned the Government to review and allocate in detail each specific expenditure task to each ministry, central agency, and locality according to Document 586/TTr-CP dated October 20, 2023 of the Government.

Responsible for the accuracy of data, necessity, completeness, validity, compliance with standards, norms, spending regimes and additional conditions, budget allocation and disbursement according to the provisions of the State Budget Law and relevant legal provisions.

For the remaining unallocated capital, the Government is requested to urgently review and report to the National Assembly or the National Assembly Standing Committee for consideration and decision in accordance with the provisions of Resolution 70/2022/QH15. After the deadline prescribed by law, it is requested to cancel the budget.

The Government considers and decides to allocate from the central budget reserve in 2023 in accordance with the provisions of law to continue implementing, soon completing and putting into use the Nam Mo River embankment project, section through block 4, block 5 of Muong Xen town, Ky Son district, Nghe An province.

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