Good news for those participating in voluntary social insurance.

(NLĐO) - Leaders of the Ho Chi Minh City Social Insurance Agency said that when Law No. 41 on Social Insurance comes into effect on July 1, 2025, it will bring many attractive policies for those participating in voluntary social insurance.

On the afternoon of December 10th, the 20th session (the regular year-end session) of the Ho Chi Minh City People's Council, 10th term, 2021-2026, continued with a thematic supervision session on "State management of labor and employment in Ho Chi Minh City during the period 2020-2025".

Reporting at the meeting, Vice Chairman of the Ho Chi Minh City People's Committee Tran Thi Dieu Thuy stated that the number of businesses owing social insurance contributions remains high, and the amount owed is substantial.

Specifically, more than 17,300 businesses are in arrears with social insurance contributions for 3 months or more, totaling 3,055 billion VND, affecting over 93,000 employees. Among these, 40 businesses owe large sums of money, from 6 billion VND or more, and some even owe over 30 billion VND in social insurance contributions.

Meanwhile, enforcement of administrative penalties against businesses evading social insurance contributions has not been effective. From 2020 to the present, Ho Chi Minh City Social Insurance has only enforced penalties against 5 units by freezing accounts with a total amount of 200 million VND.

Mr. Nguyen Quoc Thanh, Deputy Director of the Ho Chi Minh City Social Insurance Agency, said that Law No. 41 on Social Insurance will bring many attractive policies. Photo: NGUYEN PHAN

According to Mr. Nguyen Quoc Thanh, Deputy Director of the Ho Chi Minh City Social Insurance Department, as of November 30th, the entire city had 50,706 people participating in voluntary social insurance, reaching 75.76%.

In the past, the Ho Chi Minh City Social Insurance agency has also coordinated with the People's Committees at all levels, departments, associations, etc., to disseminate information about voluntary social insurance participation policies to every neighborhood. However, the results have not been as desired.

The reason is that the current Social Insurance Law stipulates a voluntary social insurance contribution rate of 22% of the chosen income level and only provides two benefits: retirement and death benefits. In contrast, mandatory social insurance requires employees to contribute only 8% and employers 14%. Furthermore, to receive a pension, contributions must be made for 20 years, making it less attractive.

In addition, although the budget provides a 30% subsidy for near-poor households and 25% for poor households, it has not yet encouraged workers due to the still high contribution rates and unattractive benefits.

According to Mr. Nguyen Quoc Thanh, the Ho Chi Minh City Social Insurance agency is striving to ensure that the number of people participating in voluntary social insurance by December 31st exceeds the 2023 target.

He also provided information on many positive developments in the near future, such as the Social Insurance Law No. 41, which will take effect from July 1, 2025, bringing many attractive policies, such as those participating in voluntary social insurance being entitled to maternity benefits of 2 million VND from the State budget when they meet the conditions, participation in occupational accident benefits, and a reduction in the retirement age requirement from 20 years to 15 years…

Regarding the high level of outstanding social insurance contributions, the Deputy Director of the city's Social Insurance agency stated that the amount of overdue payments as of November 30th was 4,504 billion VND. Accordingly, the situation of delayed, evaded, and overdue social insurance payments for employees in some employers and businesses has affected the rights of workers.

Mr. Nguyen Quoc Thanh stated that the city's Social Insurance sector has conducted surprise inspections of 126 units suspected of late payment or evasion of contributions; units suspected of violating social insurance laws; and imposed administrative penalties on many units.

Source: https://nld.com.vn/tin-vui-cho-nguoi-tham-gia-bhxh-tu-nguyen-196241210203155733.htm