Does voluntary social insurance have a pension?
Does voluntary social insurance have a pension scheme? Which payment methods can voluntary social insurance participants choose? This is a matter of concern for Mr. Nguyen Van Nam (Tan Mai commune, Nghe An).
Reply: Pursuant to Article 4 of the Law on Social Insurance 2024, it is stipulated that:
Article 4. Types and regimes of social insurance
1. Social pension benefits have the following regimes:
a) Monthly social pension benefits;
b) Support for funeral expenses;
c) Enjoy health insurance paid by the state budget.
2. Compulsory social insurance has the following regimes:
a) Sickness;
b) Maternity;
c) Retirement;
d) Death;
d) Occupational accident and disease insurance according to the provisions of the Law on Labor Safety and Hygiene.

3. Voluntary social insurance has the following regimes:
a) Maternity allowance;
b) Retirement;
c) Death;
d) Occupational accident insurance according to the provisions of the Law on Occupational Safety and Hygiene.
4. Unemployment insurance according to the provisions of the Law on Employment.
5. Additional retirement insurance.
Thus, voluntary social insurance has a pension regime.
* Which payment methods can voluntary social insurance participants choose?
According to Clause 2, Article 36 of the Law on Social Insurance 2024:
Article 36. Contribution level, method and period of social insurance payment of voluntary social insurance participants
[...]
2. Voluntary social insurance participants can choose one of the following payment methods:
a) Monthly;
b) Every 3 months;
c) Every 6 months;
d) Once every 12 months;
d) One time for many years thereafter with a payment amount lower than the payment amount prescribed in Clause 1 of this Article;
e) One time for the remaining social insurance payment period to qualify for pension with the payment amount higher than the payment amount at the level prescribed in Clause 1 of this Article.
Thus, voluntary social insurance participants can choose one of the following payment methods:
-Monthly;
-Every 3 months;
-Every 6 months;
-Every 12 months;
-One time for many years to come with a payment amount lower than the payment amount prescribed in Clause 1, Article 36 of the Law on Social Insurance 2024;
-One time for the remaining social insurance payment period to qualify for pension with a payment amount higher than the payment amount prescribed in Clause 1, Article 36 of the Law on Social Insurance 2024.