A solid "support system" for workers.

After nearly 17 years of implementation, voluntary social insurance has truly become a social security policy and a solid support for self-employed workers. By participating in voluntary social insurance, people are increasingly receiving more benefits, helping to ensure income and stabilize their lives in old age.

Humanitarian policy

The pension system is the core of social insurance policy, ensuring long-term social security for workers after they reach retirement age. Pensions are crucial, helping workers secure a comfortable life in old age by covering basic living expenses and providing free health insurance for healthcare. From July 1, 2025, the amended Social Insurance Law of 2024 will come into effect, bringing many positive changes to voluntary social insurance policies. The goal is to enable more workers, especially self-employed individuals, to benefit from pensions and health insurance after retirement, increasing their rights and making voluntary social insurance policies more humane and aligned with the practical needs of the people.

According to Deputy Director of the Provincial Social Insurance Agency Huynh Tan Pho, the 2024 Social Insurance Law is a major step forward in reforming social security policies. Many new points related to voluntary social insurance demonstrate the state's deep concern for vulnerable groups of workers. With active support from the state budget, increased benefits, and expanded eligibility, the voluntary social insurance policy is becoming increasingly humane, serving as a solid foundation to help self-employed workers feel more secure in building a stable and sustainable life. People should participate in voluntary social insurance to stabilize their lives and receive healthcare in old age.

The provincial Social Insurance agency, in coordination with the provincial Post Office, launched a campaign to disseminate information on social insurance and health insurance policies and laws in Rach Gia ward. Photo: CAM TU

One of the most notable changes is the reduction in the minimum number of years of social insurance contributions required to qualify for a pension from 20 years to 15 years. This is particularly significant for middle-aged voluntary social insurance participants, informal workers, or those who have not been able to contribute continuously for many years.

According to the new regulations, participants only need to have contributed to social insurance for 15 years and reached the prescribed retirement age to receive a monthly pension, ensuring a comfortable life in old age. This is an important step forward, contributing to encouraging people to participate in voluntary social insurance and creating opportunities for many to receive pensions earlier. Furthermore, those with longer contribution periods will still receive a higher pension rate, encouraging long-term commitment to the voluntary social insurance policy.

Many benefits when participating in voluntary social insurance.

One of the new advancements in the 2024 Social Insurance Law is the addition of maternity benefits for those participating in voluntary social insurance. Accordingly, female and male workers participating in voluntary social insurance will receive a benefit of 2 million VND per child if they meet the condition of having contributed to social insurance for at least 6 months within the 12 months prior to childbirth. Importantly, workers will not have to contribute any additional amount compared to the current voluntary social insurance contribution rate. This regulation also applies to cases of intrauterine fetal death (at 22 weeks of gestation or later) and fetal death during labor. The government will adjust the maternity benefit level to suit the socio -economic development conditions and the capacity of the state budget in each period. Female workers from ethnic minorities or Kinh women whose husbands are from ethnic minorities and belong to poor households will also receive other support policies as stipulated by the government in addition to maternity benefits.

When participating in social insurance, if an employee has reached retirement age but does not have enough social insurance contributions to receive a pension (less than 15 years) and is not yet old enough to receive a social retirement allowance (less than 75 years old), and does not receive a lump-sum social insurance payment or retain their contributions but makes a request, they are entitled to a monthly allowance from their own contributions. The minimum monthly allowance is equal to the monthly social retirement allowance and is subject to adjustment as per regulations on pension adjustments. During the period of receiving the monthly allowance, the state budget pays for health insurance.

The 2024 Social Insurance Law includes many amendments and additions aimed at increasing benefits and attractiveness, encouraging workers to preserve their contribution period to receive a pension instead of receiving a lump-sum social insurance payment. These new features of the voluntary social insurance policy bring excitement and strengthen people's confidence in the Party's guidelines and the State's policies aimed at ensuring social security for workers.

Ms. Tran Thi My (42 years old), residing in Rach Gia ward, shared: “Hearing about the new points of the voluntary social insurance policy and the increased benefits for participants, I am very happy! I didn't think that self-employed workers like me would have the opportunity to receive a pension and maternity benefits. My job is selling breakfast food, and although my income is not high, I will set aside a portion of my monthly income to pay for voluntary social insurance so that I can benefit from the policy.”

CAM TU

Source: https://baoangiang.com.vn/-be-do-vung-chac-cho-nguoi-lao-dong-a461190.html