People without pensions will have their social pension age lowered.

In the draft revised Law on Social Insurance, which was received and revised before the 7th session of the 15th National Assembly, there is a chapter regulating social pension benefits.

Accordingly, Vietnamese citizens are entitled to social pension benefits when they are 75 years old or older, without receiving monthly pensions or social insurance benefits.

The draft law also states that the National Assembly Standing Committee decides to gradually reduce the age of receiving social pension benefits in accordance with socio-economic development conditions and the capacity of the state budget in each period at the request of the Government.

The monthly social pension allowance level is prescribed by the Government in accordance with socio-economic development conditions and the capacity of the state budget at each period.

In addition, people receiving monthly social pension benefits have their health insurance paid for by the state budget according to regulations.

People without pensions will receive social pension benefits (Illustration: Vietnam Social Security).

According to the law drafting agency, social pension is the minimum social security floor for the elderly without pension, social insurance benefits, and social benefits, which is regulated in accordance with the state budget capacity in each period.

Lowering the age for receiving social pension benefits is necessary to institutionalize the viewpoint stated in Resolution No. 28-NQ/TW with the goal of striving to achieve by 2030 "about 60% of people after retirement age receiving monthly pensions, social insurance and social pension benefits".

In addition to social pension benefits, the draft law has also been revised to clarify the relationship between social insurance levels so that participants can clearly see the benefits of reserving social insurance payment time to enjoy the policy when not eligible for retirement benefits.

According to the draft law, Vietnamese citizens who are of retirement age but do not meet the conditions for pension according to the law and do not meet the conditions for social pension benefits but have paid social insurance will receive monthly benefits.

In case you want to receive monthly benefits, you must also meet the condition of not receiving one-time social insurance or reserve.

The duration and level of monthly benefits depend on the total duration of social insurance contributions and the basis for social insurance contributions of the employee. In addition, the monthly benefit level is calculated at least equal to the social pension benefit level.

At the 7th session, a number of controversial contents of the draft revised Law on Social Insurance will be discussed. After that, National Assembly deputies will give their opinions and it is expected to be approved on the morning of June 25.

According to statistics, by the end of 2022, Vietnam will have about 14.4 million people over retirement age (55 years old and above for women; 60 years old and above for men).

Of which, the total number of people receiving monthly pensions, social insurance benefits, and social retirement benefits is only about 5.1 million people, accounting for about 35% of the total number of people after retirement age.

Specifically, the number of pensioners is 2.7 million people; the number of people receiving monthly social insurance benefits is about 0.63 million people; the number of people receiving social retirement benefits (elderly benefits) is more than 1.8 million people.

There are still about 9.3 million people after retirement age (accounting for 65%) who are not covered by the social insurance system.

Thus, striving to achieve the goal set out in Resolution No. 28 "by 2030, about 60% of people over retirement age will receive pensions" will be a huge challenge.

Source: https://dantri.com.vn/an-sinh/nguoi-khong-co-luong-huu-se-duoc-ha-tuoi-huong-tro-cap-huu-tri-xa-hoi-20240522124032854.htm