Should save to continue paying social insurance or wait until retirement age

Regarding this issue, Vietnam Social Security responds as follows:

According to the provisions of Clause 1, Article 1 of Resolution No. 93/2015/QH13 dated June 22, 2015 of the 13th National Assembly and Point b, Clause 1, Article 8 of Decree No. 115/2015/ND-CP dated November 11, 2015 of the Government detailing a number of articles of the 2014 Law on Social Insurance on compulsory social insurance, employees participating in compulsory social insurance after one year of leaving work but not having paid social insurance for 20 years and not continuing to pay social insurance and having a request are entitled to receive one-time social insurance.

According to the letter, Mr. Long stated that he had paid compulsory social insurance from June 1997 to July 2016 for 19 years and 2 months (if he participated in continuous social insurance payment) and from August 2016 to present, Mr. Long has not continued to pay social insurance. If Mr. Long requests to receive one-time social insurance payment, he should submit his application to the social insurance agency where he resides for consideration and settlement according to regulations.

The dossier for receiving one-time social insurance benefits according to the provisions of Article 109 of the Law on Social Insurance 2014 includes: Social insurance book; Application for receiving one-time social insurance benefits (Form No. 14-HSB).

However, according to the provisions of the Social Insurance Law 2024, effective from July 1, 2025, the condition for the period of social insurance payment to receive pension is from 15 years. Therefore, Mr. Long should reserve to continue participating in social insurance or wait until he is old enough to receive pension instead of receiving social insurance in one go.

Government.vn

Source: https://baochinhphu.vn/nen-bao-luu-de-dong-tiep-bhxh-hoac-cho-du-tuoi-huu-10225032810311604.htm