THỜI SỰ

Many workers withdraw their social insurance once and want to pay back

Vietnam Social Insurance said that a part of employees, after withdrawing social insurance once, “regret” and want to return the money received, continue to pay to enjoy pension.

Ms. Nguyen Thi Thuy, Deputy Head of the Retirement Department, Department of Social Insurance Policy Implementation, informed that on the afternoon of May 13, these people want to continue paying voluntary social insurance to enjoy their pension and have a free health insurance card. The agency is aggregating data from localities. However, the current law stipulates that if an employee withdraws social insurance once, he or she can continue to pay social insurance premiums but cannot reserve the previous number of years of participation but calculate from the beginning.





Laborers wait in line to complete a one-time social insurance withdrawal application in front of the Social Insurance office in Thu Duc City, Ho Chi Minh City, April 2022.  Photo: Dinh Van

Laborers wait in line to complete a one-time social insurance withdrawal application in front of the Social Insurance office in Thu Duc City, Ho Chi Minh City, April 2022. Image: Dinh Van

She explained, many workers are under pressure from illness, pay for hospital fees and still have to struggle to make a living when they are old. There are cases of low pension due to low payment of social insurance, the time of payment of social insurance is only at least 20 years to enjoy the 45% pension. In case of early retirement, the percentage will also be deducted, according to current regulations, each year of early retirement will be deducted 2% of the benefit rate.

But every year, pensions are adjusted to offset the price slippage. Since 1995, the state has adjusted pension 22 times to ensure the life of retirees. In 2022, the adjusted rate is 7.4%.

“Retirement is considered a stable source of income for the elderly, in addition to being granted a free health insurance card with 95% of medical examination and treatment costs,” she said.

Statistics show that by the end of April, more than 302,000 employees have withdrawn their social insurance once. Withdrawals are getting younger and younger, mostly 20-30 years old and outside the state sector. 97% of people who choose to withdraw once are employees after a year of leave without paying social insurance. The situation of “on one department” increasing rapidly in the context of slow social insurance coverage can create the risk of income insecurity in old age, increasing the budget burden for social assistance expenditures for the elderly in the future.





Pension rate from 2021 (See details).  Graphics: Tien Thanh

Pension rate from 2021 (See detail). Graphics: Carried into

The Ministry of Labor, War Invalids and Social Affairs is developing a dossier of the revised Law on Social Insurance, soon submitting it to the Government, and proposing to the National Assembly Standing Committee to include it in next year’s law and ordinance-making program. The law will be revised in the direction of reducing the year of payment of social insurance to enjoy pension, encouraging employees to pay for the year of payment to enjoy retirement, limiting the one-time withdrawal of social insurance…

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 received another social security layer. The source of income for the elderly in Vietnam still mostly comes from the support of their children, up to 38%; 29% from continuing to work, only 15% receiving retirement and 10% receiving social benefits.

Hong Chieu

You are reading the article Many workers withdraw their social insurance once and want to pay back
at Blogtuan.info – Source: vnexpress.net – Read the original article here

Back to top button