05 cases of suspension from participating in the voluntary retirement program

23:23, 10/07/2024

On October 30, 2018, the Ministry of Labor - Invalids and Social Affairs issued Circular 19/2018/TT-BLDTBXH listing specific cases of cessation of participation in the voluntary retirement program.

Accordingly, Circular 19 stipulates that employees and employers cease participating in the voluntary supplementary pension program in the following cases:

- The agreed term in the document expires without an agreement to extend or renew the document.- Employees and employers mutually agree to cease participation.- An employee unilaterally terminates the agreed document.- An employer unilaterally terminates the agreed document.- The labor contract between the employee and employer ends before the agreed document’s term expires.

For detailed information, refer to Circular 19/2018/TT-BLDTBXH, effective from December 15, 2018.

-Thao Uyen-

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