Freelancers also have pensions if they participate in voluntary social insurance.

Participate in voluntary social insurance

For a long time, some people thought that only those who work in the state apparatus, such as officials, workers, civil servants, and soldiers, have pensions. Ms. Nguyen Thi Nhung, a housewife in Thanh Hai Ward, Phan Thiet City, Binh Thuan Province, said that she recently learned that anyone can receive a pension when they reach retirement age. Before, I thought that only officials and civil servants had pensions, and that the rest did not include factory workers in industrial parks.

Because they are not interested in the voluntary social insurance policy, although the relevant functional sector has widely disseminated it. In fact, to have a pension, cadres, workers, and civil servants working in state agencies or social organizations have participated in compulsory social insurance. Freelance workers, meaning those who do not work in any agency or organization, participate in voluntary social insurance and are also entitled to receive a pension according to the Social Insurance Law.

Specifically, Article 53 of the Law stipulates 4 beneficiaries, including self-employed workers who have participated in voluntary social insurance for 15 years or more, who are entitled to pension benefits when they reach retirement age. Voluntary social insurance is an insurance policy of the Party and the State, for the benefit of workers and people, protected by the State, implemented by the Social Insurance agency. Participate in voluntary social insurance to receive monthly pensions and health care in old age.

Voluntary social insurance participants are issued health insurance cards throughout the pension period.

Voluntary social insurance participants can choose one of the following payment methods: monthly; once every 3 months; once every 6 months; once every 12 months; once for many years to come with a payment amount lower than the prescribed payment amount; once for the remaining social insurance payment period to be eligible for pension with a payment amount higher than the prescribed payment amount.

Benefits of Participation

When participating in voluntary social insurance, participants will enjoy a number of benefits. Specifically: Receive monthly pension when having paid social insurance for 20 years or more and reaching the retirement age according to regulations; Receive one-time social insurance benefits, meaning that participants are entitled to this policy when reaching the retirement age according to regulations and having paid social insurance for less than 20 years without continuing to pay social insurance; Suffer from one of the life-threatening diseases according to regulations of the Ministry of Health; After one year of not continuing to pay social insurance but not having paid social insurance for 20 years and requesting to receive social insurance for one time...

In addition, a health insurance card is issued during the entire pension period with a benefit level of up to 95%. In addition, the State also adjusts the pension to increase in accordance with the consumer price level. This means that during the period when the participant has paid but does not continue to participate, if requested, he will receive a one-time social insurance benefit calculated according to the number of years of voluntary social insurance contribution. The benefit level, each year, is calculated as follows: 1.5 months of the average monthly income for social insurance contribution for those who participated in social insurance before 2014. 2 months of the average monthly income for social insurance contribution for those who participated in social insurance from 2014 onwards. In case the voluntary social insurance contribution period is less than 1 year, the benefit level is equal to the amount paid, up to a maximum of 2 months of the average monthly income for social insurance contribution...

In addition, participants also enjoy other benefits. Self-employed workers should consider participating in voluntary social insurance so that when they are old and no longer able to work, they can have money to cover daily living expenses like other officials and retirees.

To look up information about voluntary social insurance, employees can look up in 3 ways. Specifically, look up on the Vietnam Social Insurance Electronic Information Portal (https://baohiemxahoi.gov.vn/Pa...) and Binh Thuan Provincial Social Insurance; Customer support and care hotline: 1900 9068; VssID application - digital social insurance.

Source: https://baobinhthuan.com.vn/nguoi-lao-dong-tu-do-cung-co-luong-huu-neu-tham-gia-bhxh-tu-nguyen-130175.html