Adjusting pensions and social insurance benefits

(Baonghean) - Vietnam Social Security has just issued Document 3162/BHXH-CSXH guiding the adjustment of pensions, social insurance benefits and monthly allowances according to the provisions of Decree No. 76/2017/ND-CP.

Accordingly, the adjustment level for pensioners, monthly commune cadre allowances, labor loss allowances, monthly allowances according to Decision 91/2000/QD-TTg dated August 4, 2000 and No. 613/QD-TTg dated May 6, 2010 of the Prime Minister, monthly rubber worker allowances:

Adjustment of monthly occupational accident and disease benefits for people receiving monthly occupational accident and disease benefits before July 1, 2017:

Adjust the caregiver allowance as follows: For the benefit level equal to 80% of the general minimum wage, the monthly allowance is 1,040,000 VND (80% of the basic salary of 1,300,000 VND); for the benefit level equal to the general minimum wage or the basic salary, the monthly allowance is 1,300,000 VND.

Adjusting monthly survivor benefits for relatives who were receiving monthly survivor benefits before July 1, 2017, from July 1, 2017, the following levels will be applied: For a benefit level equal to 40% of the general minimum wage, the monthly benefit level is 520,000 VND (40% of the basic salary of 1,300,000 VND); for a benefit level equal to 50% of the general minimum wage, the monthly benefit level is 650,000 VND (50% of the basic salary of 1,300,000 VND); for a benefit level equal to 70% of the general minimum wage, the monthly benefit level is 910,000 VND (70% of the basic salary of 1,300,000 VND).

Social insurance agencies of provinces and centrally run cities shall, based on the provisions of social insurance policies and instructions on adjusting pensions, social insurance benefits and monthly allowances, organize timely, complete and correct payments to beneficiaries of pensions, social insurance benefits and monthly allowances managed and paid by provincial social insurance agencies (including beneficiaries who have not yet been adjusted), and pay back payments for each specific case. Social insurance agencies of the Ministry of National Defense and Social insurance agencies of the People's Public Security shall adjust the monthly allowances for work-related accidents and occupational diseases in the army and the people's public security from July 1, 2017; and shall compile and compile statistics according to regulations.

The Information Technology Center and the Business Software Project Management Board adjust the payment management software and the software for managing the business activities of the Industry and guide the Provincial Social Insurance, the Ministry of National Defense Social Insurance, and the People's Public Security Social Insurance to adjust pensions, social insurance benefits and monthly benefits to pay according to the new benefit levels and pay back payments for each specific case according to the provisions of the policy.

PV