The government agrees to let workers choose the form of social insurance benefits.
Recognizing that the workers' opinions are legitimate, the Government agreed to propose that the National Assembly amend the regulations in the direction that if workers do not have enough time to pay social insurance to receive pension, they will receive social insurance in one lump sum.
On the afternoon of April 1, at the regular meeting, the Government discussed the report of the Ministry of Labor and relevant agencies on recommendations regarding Article 60 of the 2014 Law on Social Insurance. Among them, there was the matter of not allowing employees to enjoy social insurance as prescribed by current law, but having to wait until retirement age to receive it.
Previously, the Government received a proposal from the Ministry of Labor, the Vietnam General Confederation of Labor, and the Ho Chi Minh City People's Committee to report to the National Assembly Standing Committee for consideration and resolution for employees to choose to receive one-time social insurance benefits or accumulate them to reserve the time they have paid in order to continue participating in social insurance and receive pensions. The proposal was made after thousands of employees of Pouyuen Company, headquartered in Ho Chi Minh City, stopped working collectively because they disagreed with the new regulations of the 2014 Social Insurance Law (effective from January 1, 2016).
After listening to the report and discussion, the Government agreed that changing the regulation on receiving social insurance benefits at one time is a step forward, providing long-term care for workers, but encountered disagreement from the majority of workers, first of all workers in Ho Chi Minh City when preparing to implement.
Realizing that the workers' opinions are legitimate, the Government will propose that the National Assembly review Article 60 of the 2014 Social Insurance Law, partially amending it so that workers can choose to settle the one-time social insurance regime in the direction that if they do not have enough time to pay social insurance to receive pension, they can receive one-time social insurance.
Article 60 of the 2014 Social Insurance Law stipulates that employees are not entitled to receive one-time support immediately after leaving work as in the old law, but must wait until retirement age. During the contract termination period, employees are entitled to unemployment benefits, job counseling, etc. When employees return to work, the time of social insurance contributions will be accumulated and accumulated enough to reach retirement age to receive pension according to regulations.
According to VNE