Announcement of the President's order on the Resolution on receiving one-time social insurance benefits

The resolution on implementing the policy of receiving one-time social insurance benefits for employees was just announced this morning (July 17).

This morning, the Office of the President held a press conference to announce the President's orders on 11 laws, 1 ordinance and 1 resolution that were just passed at the 9th session of the 13th National Assembly.

The 11 laws announced this time include the Law on the Vietnam Fatherland Front; the Law on Veterinary Medicine; the Law on Military Service; the Law on Organization of Local Government; the Law on Organization of the Government; the Law on Promulgation of Legal Documents; the Law on State Audit; the Law on Marine and Island Environmental Resources; the Law on Election of National Assembly Deputies and People's Council Deputies; the Law on Labor Safety and Hygiene; and the Law on State Budget.

One decree announced this time is the Environmental Police Decree and the Resolution on implementing the policy of receiving one-time social insurance benefits for employees.

The representative of the Ministry of National Defense informed the basic contents of the Law on Military Service.

It is noteworthy that the Law on Military Service stipulates that the age for citizens to enlist in the army in peacetime is from 18 to 27 years old.

Thus, the age for citizens to join the army has increased by 2 years compared to previous regulations.

The law also stipulates that military service can only be postponed for high school students and students who are receiving full-time university and college training.

These subjects will be called up for military service after graduation. For citizens studying at schools or admitted to schools belonging to educational institutions that are not subject to temporary deferment of military service, they will be called up for military service and have their results reserved. After completing their military service, they will be allowed to continue their studies.

Resolution on implementing the policy of receiving one-time social insurance benefits for employees takes effect from January 1, 2016.

The Resolution affirms: Employees are allowed to reserve their social insurance payment period to be eligible for pension to ensure their life when they reach retirement age according to the provisions of the 2014 Law on Social Insurance.

In case an employee participates in compulsory social insurance after 1 year of unemployment, or a voluntary social insurance participant does not continue to pay social insurance after 1 year but has not paid social insurance for 20 years, he/she will receive a one-time social insurance payment upon request.

The one-time social insurance level for insurance participants is calculated based on the number of years of social insurance contributions./.

According to VOV