After July 1, 2025, can I still withdraw social insurance at one time?

Workers can switch to voluntary social insurance to accumulate enough years to receive pension.

Conditions for one-time withdrawal of social insurance

In fact, after July 1, 2025, employees can withdraw their social insurance contributions in one lump sum, but under specific conditions. According to Article 70 and Article 102 of the Social Insurance Law 2024, employees who have stopped participating in social insurance and have a request to withdraw their social insurance contributions in one lump sum will be resolved if they fall into one of the following cases:

- Old enough to receive pension but have not paid social insurance for 15 years.

- Go abroad to settle down.

- People suffering from one of the following diseases: cancer, paralysis, decompensated cirrhosis, severe tuberculosis, AIDS.

- Have reduced working capacity of 81% or more or are specially disabled
especially severe.

- Employees who have paid social insurance before July 1, 2025, after 12 months are not subject to compulsory social insurance and do not participate in voluntary social insurance, with a social insurance payment period of less than 20 years.

- Armed forces when demobilized, discharged, or quit their jobs are not subject to compulsory social insurance and do not participate in voluntary social insurance, and are not eligible for pension.

Thus, the one-time withdrawal of social insurance is still maintained for employees participating in compulsory social insurance before July 1, 2025. Even if employees start participating in social insurance from June 30, 2025, they can still withdraw social insurance one time if they meet the above conditions.

From July 1, 2025, new social insurance participants can still withdraw their social insurance in one lump sum, but only in some special cases such as reaching retirement age but not having paid social insurance for 15 years; settling abroad; suffering from a serious illness or having a reduced working capacity of 81% or more. The biggest difference is that employees who start participating in social insurance from July 1, 2025, after 12 months of unemployment, do not continue to participate in social insurance and have paid social insurance for less than 20 years will no longer be able to withdraw their social insurance in one lump sum as before.

Why should not rush to withdraw social insurance at once?

Although the 2024 Social Insurance Law still allows one-time withdrawal of social insurance, the long-term benefits of employees will be greatly affected if they decide to withdraw early. Employees may be disadvantaged when withdrawing social insurance one-time, because:

The amount of social insurance that employees receive in one lump sum is less than the amount of money they have contributed to the social insurance fund. According to current regulations, the total social insurance contribution to the pension and death benefit fund is 22% of the monthly salary used as the basis for social insurance contributions of employees. Of which, employees contribute 8% and employers contribute 14%, the total annual social insurance contribution is equal to 2.64 months' salary.

If the employee receives social insurance benefits in one lump sum, the benefit for each year of social insurance contribution is only equal to 1.5 months of the average monthly salary for social insurance contribution for the years before 2014 and equal to 2 months of the average monthly salary for social insurance contribution for the years from 2014 onwards.

Thus, if receiving social insurance at one time, employees will lose about 1.14 months of salary for each year of social insurance payment before 2014 and about 0.64 months of salary for each year of social insurance payment after 2014.

Loss of pension opportunities. Employees who have paid social insurance for 20 years (15 years from July 1, 2025) and reach retirement age will receive a monthly pension. Not only that, pensions are also adjusted to increase according to socio-economic development.

No free health insurance card. Pensioners are given free health insurance cards and the health insurance fund will pay up to 95% of the cost of medical examination and treatment when they are in the right line. Meanwhile, if you participate in family health insurance, the highest benefit is only 80%. As you get older, medical expenses will increase, and not having a health insurance card will be a huge financial burden.

Workers express concern over information that they cannot withdraw social insurance at one time.

Relatives are not entitled to death benefits. If the employee withdraws social insurance in one lump sum, he/she will lose the right to death benefits for relatives. According to regulations, if a person who is receiving a pension or has not reached retirement age but has paid social insurance for 15 years or more (has not withdrawn social insurance in one lump sum) unfortunately passes away, a maximum of 4 relatives will receive a monthly death benefit at a rate equal to 0.5 months of basic salary for each person. If the relative does not have a direct caregiver, the monthly death benefit is equal to 0.7 months of basic salary.

Cases: People who are reserving their social insurance payment period but have participated for less than 15 years; or when a participant dies, relatives are entitled to receive monthly death benefits but choose to receive a one-time death benefit or do not have relatives entitled to receive a monthly death benefit, then relatives are still entitled to receive a one-time death benefit according to regulations.

In addition to not receiving monthly or one-time death benefits, relatives also lose the opportunity to receive funeral benefits - an important support paid by the Social Insurance agency to the relatives of the employee at a level equal to 10 months of basic salary at the time of the participant's death, thereby helping to reduce the financial burden on the family (currently 23,400,000 VND).

Policy for sustainable social security

Limiting the one-time withdrawal of social insurance is a correct policy, in line with the spirit of Resolution No. 28/NQ-TW, aiming to reduce the situation of early withdrawal of social insurance and encourage employees to reserve their time participating in social insurance. The Government and competent agencies have been implementing many policies to support social insurance participants to choose to stay in the social security system such as: When continuing to participate, they will enjoy higher benefits because the benefits are calculated based on the payment period (illness, work accidents, occupational diseases, etc.). If they are not eligible to participate in compulsory social insurance, employees can switch to voluntary social insurance to accumulate enough years needed to receive a pension.

Employees are entitled to pensions under easier conditions. From July 1, 2025, employees only need to pay social insurance for 15 years instead of 20 years to receive pensions, making it easier for employees to meet the conditions for this regime; during the period of receiving pensions, the social insurance fund will pay for health insurance; receive monthly allowances when not eligible for pensions and not yet old enough to receive social pensions; during the period of receiving monthly allowances, the state budget will pay for health insurance.

In addition, employees also have the opportunity to enjoy appropriate credit support policies for employees who have paid social insurance but lost their jobs, receive counseling, training, career guidance and create conditions for career change.

In the long term, limiting one-time withdrawal of social insurance will help increase the number of people staying in the system to fully enjoy social security benefits, reduce the burden on the state budget and ensure a stable life for employees in retirement.

Therefore, employees need to understand the policy correctly so as not to worry, hastily quit their jobs and withdraw their social insurance at one time. In fact, the one-time withdrawal of social insurance after July 1, 2025 is still maintained but with stricter conditions to protect the long-term rights of employees.

If you have quit your job, instead of hastily withdrawing your social insurance at once, consider solutions such as reserving your payment period, switching to voluntary social insurance or finding ways to continue participating to enjoy all benefits. A right decision will help employees and their families have a safer and more stable life in the future./.

Long An Province Social Insurance

Source: https://baolongan.vn/sau-ngay-01-7-2025-co-con-duoc-rut-bao-hiem-xa-hoi-mot-lan-a193518.html