What are the details of the schedule for payment of pension in May, 2024 in Vietnam? What are regulations on monthly salary on which compulsory social insurance premiums are based in Vietnam?
What are the details of the schedule for payment of pension in May, 2024 in Vietnam? What are regulations on monthly salary on which compulsory social insurance premiums are based in Vietnam? - Ms. Suong (Lam Dong)
What are the details of the schedule for payment of pension in May, 2024 in Vietnam?
Pursuant to Clause 4 Article 7 of the Procedures issued together with the Decision 166/QD-BHXH in 2019 stipulating the schedule for payment of pension:
Processing applications and making payments
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4. Payment of monthly social insurance benefits
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4.1.4. Organize payment of monthly pension/social insurance benefits to beneficiaries through post offices under signed contracts.
a) Payments made at payment offices: Payments must be made during at least 06 hours per day from the 02nd to the 10th of each month at all payment offices; the payment may end before the 10th if the payment office has made payment to all beneficiaries according to the List sent by the social security office.
b) Payments made at transaction points of a district post office: Payments shall be made to unpaid beneficiaries at transaction points of each district post office from the 11th to the 25th of each month.
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As regulated above, payment of pension, social insurance benefits in May, 2024 shall be made from the 02nd to the 10th of May in 2024.
Note: the payment may end before the 10th if the payment office has made payment to all beneficiaries according to the List sent by the social security office.
For payments made at transaction points of a district post office, payments shall be made to unpaid beneficiaries at transaction points of each district post office from the 11th to the 25th of each month of May in 2024.
What are the details of the schedule for payment of pension in May, 2024 in Vietnam? What are regulations on monthly salary on which compulsory social insurance premiums are based in Vietnam? - image from internet
What are cases of suspension from payment of compulsory social insurance premiums in Vietnam?
Pursuant to Article 88 of the Law on Social Insurance in 2014 stipulating suspension from payment of compulsory social insurance premiums:
Suspension from payment of compulsory social insurance premiums
1. Suspension from payment to the retirement and survivorship allowance fund is specified as follows:
a/ In case employers meet with difficulties and have to suspend their production or business activities, making them and their employees unable to pay social insurance premiums, the payment to the retirement and survivorship allowance fund may be suspended for 12 months at most;
b/ Upon the expiration of the time limit for payment suspension specified at Point a of this Clause, employers and employees shall continue paying social insurance premiums and make supplementary payment for the suspension period. The supplementary amount paid for the suspension period is not subject to late- payment interest under Clause 3, Article 122 of this Law.
2. For employees covered by compulsory social insurance premiums who are put in temporary detention, they and their employers may suspend payment of social insurance premiums. In case competent agencies conclude that employees suffer a miscarriage of justice, supplementary payment shall be made for the detention period. The supplementary amount paid for the suspension period is not subject to late-payment interest under Clause 3, Article 122 of this Law.
3. The Government shall detail this Article and specify other cases of suspension from payment of compulsory social insurance premiums.
As regulated above, payment of compulsory social insurance premiums in Vietnam is suspended in following cases:
Case 1: In case employers meet with difficulties and have to suspend their production or business activities, making them and their employees unable to pay social insurance premiums, the payment to the retirement and survivorship allowance fund may be suspended for 12 months at most
Upon the expiration of the time limit for payment suspension specified at Point a of this Clause, employers and employees shall continue paying social insurance premiums and make supplementary payment for the suspension period. The supplementary amount paid for the suspension period is not subject to late- payment interest.
Case 2: For employees covered by compulsory social insurance premiums who are put in temporary detention, they and their employers may suspend payment of social insurance premiums.
In case competent agencies conclude that employees suffer a miscarriage of justice, supplementary payment shall be made for the detention period. The supplementary amount paid for the suspension period is not subject to late-payment interest.
What are regulations on monthly salary on which compulsory social insurance premiums are based in Vietnam?
Pursuant to Article 89 of the Law on Social Insurance in 2014 stipulating monthly salary on which compulsory social insurance premiums are based:
Monthly salary on which compulsory social insurance premiums are based
1. For employees subject to the State-prescribed salary benefits, their monthly salary on which social insurance premiums are based is their rank- or grade-based salary plus position-based, extra-rank working seniority-based or occupation-based seniority allowance (if any).
For employees defined at Point i, Clause 1, Article 2 of this Law, their monthly salary on which social insurance premiums are based is the statutory pay rate.
2. For employees who pay social insurance premiums according to the employer-decided salary benefits, their monthly salary on which social insurance premiums are based is their salary plus salary-based allowance as prescribed in the labor law.
Since January 1, 2018, the monthly salary on which social insurance premiums are based will be the salary plus salary-based allowance and other amounts as prescribed in the labor law.
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As regulated above, monthly salary on which compulsory social insurance premiums are based includes:
- For employees subject to the State-prescribed salary benefits, their monthly salary on which social insurance premiums are based is their rank- or grade-based salary plus position-based, extra-rank working seniority-based or occupation-based seniority allowance (if any).
- For part-time staffs in communes, wards and townships, their monthly salary on which social insurance premiums are based is the statutory pay rate.
- For employees who pay social insurance premiums according to the employer-decided salary benefits, their monthly salary on which social insurance premiums are based is their salary plus salary-based allowance.
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