The majority of employees withdraw one-time social insurance between the ages of 20 and 30

At the press conference on the afternoon of April 28, Ms. Dinh Thi Thu Hien, deputy head of the Vietnam Social Insurance Policy Implementation Department, gave the above information.

Statistics show that in 2021, the total number of employees with one-time social insurance withdrawals increased by 13% compared to the previous year due to the impact of the fourth epidemic, unemployment increased to the highest level in 10 years. In the first four months of this year, 302,000 employees withdrew their social insurance once, down 3% over the same period last year.

97% of people who choose to withdraw once are employees after a year of leave without paying social insurance. This rate in women is over 55%, higher than that of men. “It is necessary to have policies to limit the one-time withdrawal of social insurance, but to increase long-term benefits without having a great impact on the psychology of employees”, Ms. Hien suggested.

Leaders of the insurance industry emphasized that when amending the Law on Social Insurance, this agency proposes to the Ministry of Labor, War Invalids and Social Affairs on the above content. Employees when choosing to withdraw one-time social insurance should consider carefully, because the law is amended in the direction of gradually reducing the minimum number of years of payment of social insurance contributions from 20 to 15, building a multi-tiered social insurance system, creating favorable conditions for employees to enjoy early benefits. pension.

Employees who withdraw social insurance once will lose many benefits, when the entire period of previous participation in social insurance is not reserved; not enjoy sickness and retirement benefits; free medical examination and treatment by health insurance; benefits for relatives, such as death benefits and accompanying benefits. According to Ms. Hien, families with elderly people will understand the importance of pensions. This is clearly demonstrated through the two years of Covid-19, when people lost income, fell ill, and fell ill.

Mr. Dao Viet Anh, General Director of Vietnam Social Security, analyzed that the policy is designed to be paid-for, so the sooner employees withdraw, the more benefits they will lose. Many young people with financial difficulties have the thought of withdrawing once and then joining again later. Many employees who receive one-time social insurance contributions later on want to continue paying, but according to regulations, they will not be accumulated but calculated to pay social insurance from the beginning.

“When employees are young and still healthy, they can think simply, but when they’re old, sick, and sick, they find it difficult,” he said, and said that policy amendments are necessary, but The goal is to keep workers in the welfare system for a long time.

Gaps in the safety net

When consulting for Vietnam Social Insurance on amendments and supplements to the Law on Social Insurance, the security expert also suggested that one-time withdrawal of social insurance should be limited. Because Vietnam is the Asian country with the fastest aging population, more than Japan and China, while the social security coverage is low, only one third of the labor force is in the age group.

The whole country has more than 4.94 million elderly people after retirement age who enjoy monthly pensions, social insurance benefits and social allowances. Of which, 2.6 million people enjoy pensions; 640,000 people receive monthly social insurance benefits; more than 1.7 million people receive social pension benefits. There are more than 9 million people after retirement age who have not yet enjoyed another social security layer – part of the consequence of the low age of workers participating in social insurance.

Hong Chieu