Can voluntary social insurance be withdrawn in lump sum in Vietnam?
Can voluntary social insurance be withdrawn in lump sum in Vietnam? I'm looking forward to the answer. Question from Mr. Quan in Lao Cai.
Which subjects participate in voluntary social insurance in Vietnam?
Pursuant to Clause 4, Article 2 of the 2014 Social Insurance Law, the subjects participating in voluntary social insurance are as follows:
Subjects of application
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4. Persons covered by voluntary social insurance are Vietnamese citizens aged full 15 years or older and not defined in Clause 1 of this Article.
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Therefore, the subjects participating in voluntary social insurance are Vietnamese citizens aged full 15 years or older who do not fall into the following categories:
- Persons working under indefinite-term labor contracts, definite-term labor contracts, seasonal labor contracts or contracts for given jobs with a term of between full 3 months and under 12 months, including also labor contracts signed between employers and at-law representatives of persons aged under 15 years in accordance with the labor law;
- Persons working under labor contracts with a term of between full 1 month and under 3 months;
- Cadres, civil servants and public employees;
- Defense workers, public security workers and persons doing other jobs in cipher organizations;
- Officers and professional army men of the people's army; officers and professional non-commissioned officers and officers and technical non- commissioned officers of the people's public security; and persons engaged in cipher work and enjoying salaries like army men;
- Non-commissioned officers and soldiers of the people’s army; non- commissioned officers and soldiers on definite-term service in the people’s public security; army, public security and cipher cadets who are entitled to cost- of-living allowance;
- Vietnamese guest workers defined in the Law on Vietnamese Guest Workers;
- Salaried managers of enterprises and cooperatives;
- Part-time staffs in communes, wards and townships.
Can voluntary social insurance be withdrawn in lump sum in Vietnam? (Image from the Internet)
Can voluntary social insurance be withdrawn in lump sum in Vietnam?
Pursuant to Clause 1, Article 77 of the 2014 Social Insurance Law, the regulations are as follows:
Lump-sum social insurance allowance
1. Employees defined in Clause 4, Article 2 of this Law are entitled to a lump-sum social insurance allowance upon request if they fall in one of the following cases:
a/ They satisfy the age requirement specified at Point a, Clause 1, Article 73 of this Law but have paid social insurance premiums for under 20 years and do not continue paying social insurance premiums;
b/ They settle abroad;
c/ They suffer a fatal disease, such as cancer, poliomyelitis, dropsy cirrhosis, leprosy, serious tuberculosis, HIV infection progressing into AIDS, or other diseases as prescribed by the Ministry of Health.
2. The lump-sum social insurance allowance shall be calculated based on the number of years of social insurance premium payment; for each year of payment they are entitled to:
a/ 1.5 times the average monthly income on which social insurance premiums are based, for the years of payment prior to 2014;
b/ 2 times the average monthly income on which social insurance premiums are based, for the years of payment since 2014;
c/ In case the period of social insurance premium payment is under 1 year, the social insurance allowance must equal the paid premium amount but must not exceed 2 times the average monthly income on which social insurance premiums are based.
3. The lump-sum social insurance allowance for the subjects eligible for the State’s support under Clause 2 of this Article is exclusive of the State’s monetary support for payment of voluntary social insurance premiums, except the case specified at Point c, Clause 1 of this Article.
4. The time for enjoying the lump-sum social insurance allowance is the time stated in decisions of social insurance agencies.
5. The social insurance benefits for employees covered by voluntary social insurance and currently on pension who settle abroad shall be implemented under Clauses 1 and 2, Article 65 of this Law.
Therefore, individuals participating in voluntary social insurance can request a lump-sum withdrawal of voluntary social insurance in the following cases:
- Having paid social insurance premiums for under 20 years and do not continue paying social insurance premiums.
- Settling abroad.
- Suffering from one of the following fatal diseases:
+ Cancer;
+ Poliomyelitis;
+ Dropsy cirrhosis;
+ Leprosy;
+ Serious tuberculosis;
+ HIV infection progressing into AIDS, or other diseases.
What are the benefits of voluntary social insurance in Vietnam?
Pursuant to Clause 2, Article 4 of the 2014 Social Insurance Law, the voluntary social insurance covers the following benefits:
Social insurance benefits
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2. Voluntary social insurance covers the following benefits:
a/ Retirement;
b/ Survivorship allowance.
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Therefore, voluntary social insurance has retirement and survivorship allowance benefits.
Best Regards!
