Many new points in the 2024 Social Insurance Law expand the social security network

The amended Law on Social Insurance 2024, effective from July 1, 2025, adds many new regimes, expands the subjects participating in compulsory social insurance, voluntary social insurance, reduces the number of years of contribution to receive pension, enhances benefits for illness, maternity and retirement. This is an important step towards a multi-layered social insurance system that covers the entire population.

The Social Insurance Law 2024 takes effect from July 1, 2025 and is being implemented with 9 new and key contents that need attention. Specifically as follows:

Pay pension in cash to beneficiaries.

1. Supplementing social pension benefits to form a multi-layered social insurance system (including social pension benefits; compulsory social insurance and voluntary social insurance; supplementary pension insurance to move towards universal social insurance coverage): In which, social pension benefits are a type of social insurance guaranteed by the state budget for the elderly who meet the prescribed conditions.

2. Supplementing the monthly allowance regime for Vietnamese citizens who are of retirement age but do not have enough time to pay to receive pension and are not eligible for social pension benefits. If they do not receive one-time social insurance and do not reserve it, but upon request, they will receive a monthly allowance from their own contributions.

3. Expand the subjects participating in compulsory social insurance to business owners of registered business households; Part-time workers at the commune, village, and residential group levels; Part-time employees; Enterprise managers, controllers, representatives of state capital, representatives of enterprise capital as prescribed by law; members of the Board of Directors, General Directors, Directors, members of the Supervisory Board or controllers and other elected management positions of cooperatives and cooperative unions as prescribed by the Law on Cooperatives who do not receive salaries.

4. Supplement the right to enjoy sickness and maternity benefits for part-time workers at the commune level instead of only enjoying two benefits: retirement and death.

5. Supplementing maternity benefits for voluntary social insurance policies: Voluntary social insurance participants who meet the prescribed conditions are entitled to maternity benefits of VND 2 million for each newborn child, guaranteed by the state budget.

6. Increase the opportunity to receive pensions for social insurance participants by reducing the minimum number of years of social insurance contributions to receive pensions from 20 years to 15 years.

7. Strengthening compliance with the law, protecting the legitimate rights and interests of employees by dedicating 01 chapter to regulating the management of social insurance collection and payment; clarifying the content and handling of late payment and evasion of social insurance payment. Regulating the responsibilities of the Provincial People's Committee in directing and organizing the implementation of social insurance policies, developing subjects participating in compulsory social insurance, voluntary social insurance and late payment of compulsory social insurance, evasion of compulsory social insurance payment within the locality.

8. Create more favorable conditions for participants and beneficiaries of social insurance benefits through supplementing regulations on electronic transactions in the field of social insurance; adjusting, reducing, and simplifying documents and procedures for implementing social insurance; supplementing regulations on assessing people's satisfaction with the organization and implementation of social insurance policies and regimes.

9. Amending and supplementing regulations on social insurance regimes to be more suitable to reality, better ensuring the rights of employees, typically: Adding regulations on enjoying sick leave for cases of taking sick leave for less than a day; Adding conditions for enjoying maternity leave when giving birth for cases of having to take leave for infertility treatment; Amending and supplementing regulations on one-time pension upon retirement to encourage employees to continue working and paying social insurance after retirement age; Employees are paid health insurance by the social insurance fund during the time off work to enjoy sick leave and maternity leave for 14 working days or more in a month.

Source: https://baotintuc.vn/xa-hoi/nhieu-diem-moi-trong-luat-bhxh-2024-mo-rong-mang-luoi-an-sinh-20251029155905253.htm