People need to know: Pension and Social Insurance benefit payment schedule for September 2024
Because the payment time for pensions and monthly Social Insurance benefits for September 2024 coincides with the National Day holiday, the Social Insurance agency has fully prepared the conditions since the end of August 2024 for beneficiaries to receive the regime immediately after the end of the holiday.
Accordingly, the payment schedule for beneficiaries via the bank accounts of the Social Insurance of the provinces will start from September 4, 2024 or September 5, 2024 according to the announced flow, ensuring completion before September 10, 2024. In case the beneficiary has not received the regime due to incorrect personal account, the beneficiary is requested to contact the Social Insurance agency to change the correct information, promptly receive the regime within the month; The Social Insurance of the provinces will specifically announce the payment schedule for the beneficiary to know.
Previously, to reduce intermediary steps and ensure timely payment so that beneficiaries receive money as soon as possible from the beginning of the month, from August 1, Vietnam Social Security has directly transferred monthly pension and social insurance allowance payments via personal accounts for beneficiaries at Social Security in 43 provinces and cities.
In the payment period of September 2024, Vietnam Social Security will continue to pay pensions and monthly social insurance benefits through personal accounts at 43 provincial and centrally-run city social insurance agencies that have implemented this method in the payment period of August 2024. For the remaining 20 provincial social insurance agencies, monthly pensions and social insurance benefits will continue to be paid through personal accounts and in cash through the postal system.
Currently, the whole country has nearly 3.4 million people receiving monthly pensions and social insurance benefits. Implementing the policy of the Government and the Prime Minister, in recent times, the Vietnam Social Insurance sector has actively communicated and disseminated the advantages and benefits of receiving benefits through accounts in the spirit of encouraging beneficiaries to voluntarily participate. Up to now, in urban areas, about 74% of beneficiaries have received social insurance and unemployment benefits through personal accounts (an increase of about 10% compared to 2023)./.
