From April, you can pay social insurance one time to receive pension immediately.

For people who meet the retirement age requirements (men 60 years old, women 55 years old) but have not paid social insurance for 20 years, from April 4, they will be able to pay social insurance one time to receive pension.

District social insurance officers receive people and implement policies for them.

Starting from April 4, Circular 01/2016 of the Ministry of Labor, War Invalids and Social Affairs will take effect.

Accordingly, people who meet the retirement age requirements (60 years old for men and 55 years old for women) but have not paid Social Insurance for 20 years will be able to pay Social Insurance one time to receive pension immediately. If they pay Social Insurance one time in full in April 2016, people can receive pension from May 2016.

Ho Chi Minh City Social Security will be one of the first units in the country to start collecting Social Security contributions at once for the remaining years so that people can immediately receive their pensions.

According to VTV.vn