How can employees receive pension?
Currently, the social insurance agency is paying pensions through one of two main methods:
– Pay cash to the employee or the employee’s authorized person
Depending on the registered location, the employee or the employee’s authorized person can receive the pension directly at the social insurance agency or the postal system to sign a contract with the social insurance agency to pay the pension and social insurance allowance and beneficiary management.
– Pay pensions through employees’ personal accounts opened at banks
Every month, the pension will be transferred to the account registered by the employee. However, the social insurance agency only accepts the official bank account of the pensionee.
In the case of registering an account number in the name of another person, the social insurance agency will not handle pension payments in this way.
How to change the form of pension receipt?
In addition to the traditional way of submitting documents at the social insurance agency, employees can now sit at home and easily perform this procedure on the VssID application or the Public Service Portal of Vietnam Social Insurance.
Change the form of receiving pension online at the VssID application
Step 1: Log in to the VssID app with your social insurance code
In the Public Service section, select Change the form of payment or the information of the beneficiary of the social insurance scheme
Step 2: Select the desired form of pension receipt and fill in all the information.
Items marked with a red * are required information
Step 3: After you have filled in correctly and filled in all the information, press Submit
The system will send a message indicating the OTP code, the user enters the OTP code and pressConfirm to complete the change.
Change the form of online pension receipt on the Public Service Portal of Vietnam Social Insurance
Step 1: Visit the website https://dichvucong.baohiemxahoi.gov.vn/#/index and log in with the social insurance code
Step 2: In the Profile declaration section, find the item “Recipients receiving social insurance benefits in cash transfer to receive by personal account and vice versa, or change personal information”.
Step 3: Select the desired form of pension receipt and fill in all the information
Items marked with a red * are required information
Step 4: Enter the verification code and press Confirm.
The system will send an OTP code message, the user enters the OTP code and press X to confirm to complete the change.
Laborers Benefit from the Amended Social Insurance Policy
According to the draft amended Social Insurance Law, employees who pay social insurance for 15 years will be entitled to a monthly pension, periodically adjusted by the State. While enjoying the pension, they are also covered the health insurance by the Social Insurance Fund.
Amendment of the Law on Social Insurance: New Regulations to Benefit Employees
Adding subjects participating in social insurance (social insurance), adding maternity benefits in the voluntary social insurance policy, expanding the choice of one-time social insurance, and reducing the period of pension enjoyment to comply with international conventions,… Those are new information about the draft Law on Social Insurance (amended) announced by the Ministry of Labour, Invalids and Social Affairs in Hanoi on March 16.
Amendment of the Law on Social Insurance to Increase Rights and Benefits for Employees
According to Deputy Minister of Labor, Invalids and Social Affairs Nguyen Ba Hoan, the draft amended Law on Social Insurance is prepared to expand the participants, increase the rights and benefits for working employees and pensioners.
