Concentrate resources on paying pensions at new levels from August 14, 2023

Accordingly, on this occasion, the Social Insurance will pay pensions, Social Insurance benefits, August 2023 benefits and pay back the additional difference of July 2023 according to the new benefit level from August 14, 2023 conveniently, safely and in accordance with regulations.

Specifically, to ensure beneficiariespension, Social Insurance benefits, monthly benefits are enjoyed as soon as possible according to the provisions of Decree No. 42/2023/ND-CP dated June 29, 2023 of the Government (Decree No. 42), Vietnam Social Security requests Social Security of provinces and cities to urgently: Based on the funding plan of Vietnam Social Security, transfer funds to the Post Office in full and timely manner for payment to beneficiaries; strengthen inspection and supervision of the payment process; coordinate to resolve and handle arising situations, promptly reflect problems in the implementation process.

For Vietnam Post Corporation, it is necessary to direct its affiliated units to concentrate maximum human resources, shorten payment time, and ensure timely and full benefits to beneficiaries.

In order to create consensus and support from the people during the implementation process, Vietnam Social Security requires Social Security of provinces, cities and Post Offices to proactively coordinate closely to propagate and disseminate benefits according to the new benefit levels; the content and effective date of Decree No. 42; promptly notify the specific payment schedule of the August 2023 payment period to pensioners, social insurance benefits, and monthly benefits.

In recent times, in order to facilitate beneficiaries, Vietnam Social Security has coordinated with the Post Office to implement the payment of pensions, social insurance benefits, and unemployment insurance benefits in a timely and proper manner. In particular, the Vietnam Social Security sector has also actively promoted the payment of pensions, social insurance benefits, and unemployment insurance benefits through personal bank accounts (ATM cards) to better serve participants.

In the first 6 months of 2023, about 62% of beneficiaries nationwide received social insurance and unemployment benefits through personal accounts in urban areas, an increase of 1% compared to 2022, exceeding the target assigned by the Prime Minister 3 years early, thereby practically contributing to bringing convenience and satisfaction to participants./.