Ho Chi Minh City spends 380 billion VND to encourage officials to retire early
To streamline the payroll, the Ho Chi Minh City People's Committee will spend a total of more than 380 billion VND to support officials who retire early.
On the morning of December 7, the 6th session of the 9th term Ho Chi Minh City People's Council unanimously approved the proposal of the City People's Committee on the support policy for officials who retire early or quit their jobs according to Resolution No. 39 of the Politburo and Decree No. 108/2014 of the Government.
This move by the city aims to encourage cadres, civil servants and public employees to retire early and quit their jobs while the city is streamlining its staff, organization and apparatus.
This policy is also said to "show the city's recognition" of their dedication and contributions.
According to calculations by the City People's Committee, the total budget to support early retirement for 1,062 officials (from now until 2021) is more than 380 billion VND.
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HCM City People's Council delegates vote to approve the proposal. Photo: Trung Son. |
The city will have a subsidy policy for two groups. One is cadres, civil servants, and officials of Party, government, Fatherland Front, and socio-political organizations of the city and districts who are eligible to quit their jobs immediately.
In case of early retirement, depending on the age group, the city budget will provide additional allowance, based on the number of years of early retirement and the number of years of work with social insurance contributions.
Group 2 is cadres under the management of the Standing Committee of the City Party Committee who voluntarily apply for early retirement (early retirement or resignation not subject to staff reduction). Based on age and time of participation in work with social insurance contributions, the city budget will provide additional allowances.
The allowance levels include: an additional 3 months of current salary for each year of early retirement; an additional 5 months of current salary for the first 20 years of work with social insurance contributions; from the 21st year onwards, for each year of work with social insurance contributions, an additional half month of current salary will be granted.
For officials and civil servants who are eligible to quit their jobs immediately, they will receive an additional 3 months of current salary to find a job; an additional 1.5 months of current salary for each year of work with social insurance contributions.
The source of expenditure for cadres, civil servants, officials of Party agencies, government, front, unions and public service units is paid by the city budget. For those in financially autonomous units, the unit pays.
Decree 108/2014 on staff streamlining policy applies to: - Cadres and civil servants from central to commune level; officials in public service units; people working under indefinite-term labor contracts in state administrative agencies and service units. - Chairman of the company, member of the Board of Directors, general director, deputy general director, director, deputy director, chief accountant, controller in LLCs owned by the State or by political organizations, socio-political organizations (excluding general directors, deputy general directors, chief accountants working under labor contracts). - Officials and civil servants assigned by competent authorities to act as authorized representatives for state capital in state-owned enterprises. - Employees on the payroll assigned by competent state agencies at associations. |
According to VNE
