Amended law proposes lowering requirements for pension benefits
Retirees who have made social insurance contributions for at least 15 years will be eligible to receive a pension, under proposed revisions to the Law on Social Insurance.
Such rules exclude many people from pension benefits, said Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung at a meeting of the National Assembly Standing Committee on August 17.
Therefore, the reduction of contribution years will help people to join social insurance later in their working life (from 45-47 years old) or those making intermittent contributions or are engaged in specific jobs with shorter career years to be entitled to a monthly pension and healthcare benefits, said Dung.
He added that the amendments will also reduce the number of people claiming one-off insurance payments.
The revisions to the Law on Social Insurance are made following a resolution of the Party Central Committee, which highlights the need to gradually reduce the number of contribution years to be eligible for pension./. NDO
-
Fifty provinces see increases in social insurance participation
08-05-2024 10:29 10
-
Minister Dao Ngoc Dung meets voters in Ba Thuoc district of Thanh Hoa province
06-05-2024 15:04 27
-
Climate change threatens worker safety across the Asia-Pacific region
01-05-2024 09:28 49
-
HCM City has high number of trained workers seeking employments
02-04-2024 14:55 20
-
ASEAN Socio-Cultural Community Council’s 31st Meeting Joint Statement
27-03-2024 14:51 28
-
Career orientation workshop held to support Vietnamese students in US
26-03-2024 09:44 45
English Review
Fifty provinces see increases in social insurance participation
English Review | 08-05-2024 10:29 10