Social insurance benefits officially increase from July 1, 2024.

Báo Quốc Tế•11/11/2023

Could you please tell me if the social insurance benefits will be adjusted upwards from July 1st, 2024, according to the new resolution passed by the National Assembly ? - Reader Minh Hang

Chính thức tăng trợ cấp BHXH từ ngày 1/7/2024

On November 10th, the National Assembly passed a Resolution on the State Budget Estimates for 2024.

In addition to salary reform effective from July 1, 2024, the National Assembly also decided to adjust pensions, social insurance benefits, preferential allowances for meritorious individuals, and a number of social security policies linked to the base salary.

Social insurance benefits officially increase from July 1, 2024.

Specifically, in the Resolution on the State Budget Estimate for 2024, in addition to implementing the overall reform of salary policies from July 1, 2024, according to Resolution 27-NQ/TW dated May 21, 2018, of the Seventh Plenum of the Central Committee of the 12th Party Congress, this Resolution will also proceed with adjusting pensions, social insurance benefits, monthly allowances, preferential allowances for meritorious individuals, and some social security policies currently linked to the basic salary .

Salary regime for officials, civil servants, and public employees before July 1, 2024

For central government agencies and administrative units implementing special financial and income management mechanisms, from January 1, 2024 to June 30, 2024: The monthly salary and additional income calculated based on the base salary of VND 1.8 million/month under the special mechanism must not exceed the salary and additional income received in December 2023 (excluding the portion of salary and additional income resulting from adjustments to the salary coefficient for grades and ranks when upgrading grades or ranks in 2024).

Based on the above principle, if the salary and additional income in 2024 under the special mechanism are lower than the general salary level, then only the general salary regime will be implemented to ensure the rights of the employees.

All special income mechanisms will be abolished from July 1, 2023.

From July 1, 2024, all special financial management and income mechanisms of state administrative agencies and units will be abolished, and a unified salary, allowance, and income system will be applied.

The current special mechanism for recurrent expenditures under the special financial management mechanism (operating expenses, capacity building, modernization, ensuring professional activities, etc.) of state administrative agencies and units will no longer be applied. The Government is tasked with organizing the implementation and reporting to the National Assembly at its 8th session.

Ministries, central and local agencies will continue to implement solutions to generate resources for salary policy reform as prescribed.

Allow the continued exclusion of certain revenue items when calculating the increase in local budget revenue allocated for salary reform, as stipulated in Clause 2, Article 3 of Resolution 34/2021/QH15 dated November 13, 2021, of the National Assembly.

Allow the transfer of budget allocations for the implementation of 3 national target programs to 2024.

The resolution on the 2024 state budget allows the use of funds recovered from the provisional allocations made in 2022 to some localities to implement the policy of supporting housing rent for workers, with the remaining funds transferred to supplement localities lacking resources to implement the policy and to settle the 2023 budget year.

Allow the transfer of increased revenue and savings from central government budget expenditures in 2021 to allocate annual public investment budgets and plans for 2023, 2024, and 2025 for projects of the Ministry of Transport and 8 localities.

Allow the transfer of state budget allocations for the implementation of 03 national target programs in 2023 (including development investment capital, recurrent expenditure of the central budget and local budgets) to 2024 for continued implementation.

In addition, the National Assembly assigned the Government to review and allocate in detail each specific expenditure task to each ministry, central agency, and locality, in accordance with the Government's Submission No. 586/TTr-CP dated October 20, 2023.

Responsible for the accuracy of data, necessity, completeness, validity, compliance with standards, norms, expenditure regimes and additional conditions, budget allocation and disbursement in accordance with the State Budget Law and relevant legal regulations.

Regarding the remaining unallocated capital, the Government is requested to urgently review and report to the National Assembly or the Standing Committee of the National Assembly for consideration and decision in accordance with Resolution 70/2022/QH15. If the deadline stipulated by law is exceeded, the budget allocation should be canceled.

The Government is considering and deciding to allocate funds from the central budget reserve for 2023 in accordance with the law to continue implementing, completing, and putting into use the Nam Mo River embankment project, the section passing through Block 4 and Block 5 of Muong Xen town, Ky Son district, Nghe An province.

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