There are different opinions about withdrawing social insurance at one time.

Continuing the 6th Session, on November 23, the National Assembly discussed in the hall the draft Law on Social Insurance (amended) and the Law on Credit Institutions (amended).

One of the issues that "heated up" the parliament during the discussion session on the draft Law on Social Insurance (amended) in the morning of the same day was how to limit workers from withdrawing social insurance at one time while still ensuring that workers can stabilize their lives after stopping working.

Emphasizing that one-time social insurance is a legitimate right of employees participating in social insurance, delegate Doan Thi Thanh Mai (Hung Yen) said that the increasing trend of employees receiving one-time social insurance in recent times is a worrying reality for the implementation of social security goals for all people.

Proposing to consider the conditions for withdrawing social insurance at one time very carefully to ensure social security for workers, the delegate of Hung Yen also analyzed the advantages and disadvantages of the two options submitted by the drafting agency and suggested that the option should be studied for workers to choose to withdraw social insurance at one time or withdraw 50% of the paid time; the remaining time is reserved to enjoy social insurance benefits when reaching retirement age and should not only resolve a maximum of 50% of the total paid time.

View of the meeting, morning of November 23. Photo: Doan Tan/VNA

Speaking at the debate on the two options presented by the drafting agency, delegate Nguyen Thanh Cam (Tien Giang) said: If Option 1 is chosen, it will not ensure fairness between employees participating in social insurance before and after the Social Insurance Law (amended) takes effect. Because one of the main reasons why employees have withdrawn their social insurance at one time in the past is to compensate for economic difficulties to take care of their immediate life.

Regulations such as Option 1 can easily lead to the risk of not being able to motivate young workers and new workers to participate in social insurance when the accumulation from wages and income of workers is still very low. It will unintentionally not create motivation for young workers and new workers to participate in social insurance, not implementing the principles of fairness and equality of social insurance as stated in the law-making viewpoint, causing the meaningful goal of social insurance policy not to be achieved as set out in Resolution No. 28-NQ/TW on reforming social insurance policy of the Central Government.

Delegate Nguyen Thanh Cam said that if choosing Option 2, employees can still withdraw social insurance at once as at present, but the withdrawal level is only 50% of their previous accumulated total, which is unreasonable, because the amount of money the employer pays for social insurance for employees is also the employee's money. Besides, only being able to withdraw 50% is not a good option to support employees when they are facing immediate difficulties in life.

Especially when the employee withdrawing social insurance at one time is a woman, the use of this money is mainly for the family's essential needs.

“This option will also create a large difference in the amount of one-time social insurance benefits for employees who receive one-time social insurance benefits before and after the Social Insurance Law (amended) takes effect. The policy also fails to achieve the goal of law-making, which is to expand and increase benefits to create attractiveness to attract employees to participate in social insurance,” emphasized delegate Nguyen Thanh Cam.

Delegates recommended that the Drafting Committee should continue to research and seek opinions from directly affected subjects, considering gender perspectives, to have a thorough plan that meets the real rights and aspirations of workers regarding one-time social insurance benefits.

Delegates supported the option that workers can still withdraw social insurance at one time and in the most satisfactory way possible. In addition, there should be parallel forms of support such as preferential credit loans for workers along with communication campaigns to change awareness and behavior to help people recognize the long-term benefits of participating in social insurance, thereby voluntarily committing to implementation.

National Assembly delegate of Bac Giang province Do Thi Viet Ha speaks. Photo: Doan Tan/VNA

Preventing the delay and evasion of social insurance payments was also one of the issues raised by many delegates at the parliament. Delegate Do Thi Viet Ha (Bac Giang) reflected that the delay and evasion of compulsory social insurance payments still occurred in many businesses and localities, affecting the settlement of social insurance regimes for employees.

There are many reasons for this situation, including the lack of strict management of subjects subject to compulsory social insurance. Solutions to deal with the situation of slow and evasive payment of social insurance have not yet achieved the expected results.

To ensure the strictness of the law, delegate Do Thi Viet Ha suggested that the Drafting Committee continue to review, research, and supplement a number of measures and sanctions such as: Deducting social insurance debt from bank accounts after receiving notice and urging from the Social Insurance agency within a certain period of time (possibly 3 months); publicly announcing the identities of units owing social insurance on mass media...

At the same time, there needs to be synchronous and feasible regulations to overcome the current difficulties and obstacles in filing civil lawsuits and criminal prosecutions against employers who delay or evade social insurance payments.

In the afternoon, discussing the draft Law on Credit Institutions (amended), citing the cases of SCB Bank and Van Thinh Phat, many delegates were interested in the regulations on preventing cross-ownership and manipulation of credit institutions; shareholders contributing capital to buy shares of credit institutions under the name of other individuals or legal entities; banks acting as insurance agents, etc.

Delegate Trinh Xuan An (Dong Nai) analyzed that the resolution of the Central and National Assembly is to end the situation of cross-ownership. Through the case of SCB Bank and the current assessment of some banks, there are 3 problems: cross-ownership, domination and manipulation of the credit system, banks are creating risks and extremely urgent issues that need to be handled to build a strong banking and credit system.

The delegate said that the core of the Vietnamese banking system lies in the issue of governance. To combat cross-ownership, manipulation, and domination in the banking system, the top factor is to identify which individuals and organizations are the real owners of the bank. Therefore, the Law needs to build a legal framework to identify individuals and organizations that control and influence decision-making for bank operations.

To address this issue, delegate Trinh Xuan An proposed two specific regulations. One is to provide transparent information to all individuals and organizations that are shareholders of commercial banks instead of reducing the ownership ratio. Determine the obligation to disclose information to shareholders who are organizations and individuals, groups of people related to owning shares of the above credit institution. Two is to control the capital contribution cash flow through a non-cash payment mechanism and apply personal data control.

State Bank Governor Nguyen Thi Hong explains and clarifies a number of issues raised by National Assembly deputies. Photo: Doan Tan/VNA

At the end of the discussion session, Governor of the State Bank Nguyen Thi Hong shared that the National Assembly's decision not to approve the draft Law at this session is extremely necessary so that agencies have time to research, evaluate, and carefully review it before submitting the report to the National Assembly for approval at the next session.

Regarding the issue of reducing manipulation and cross-ownership in banking activities, Governor Nguyen Thi Hong said that these are issues that the Party, the National Assembly and the Government are very concerned about, and have many directives to thoroughly handle. When drafting the bill, the State Bank also realized that a series of solutions were needed to handle it. First of all, this law must have regulations.

To reduce manipulation of credit institutions' output, the draft law design must reduce the credit granting rate for customers and related customers from 15% to 10%. The drafting agency has drafted a roadmap to reduce from 15% to 10%.

In the process of directing, operating and inspecting, the State Bank also identified and realized the need to strengthen inspection and supervision. In recent times, the State Bank has also strengthened so that credit institutions themselves must be the ultimate supervisors and those people do not have to follow the "bank bosses".

According to VNA/Tin Tuc Newspaper

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