Adjustment of the schedule for payment of pension and social insurance allowance from December 2024 in Ho Chi Minh City

Adjustment of the schedule for payment of pension and social insurance allowance from December 2024 in Ho Chi Minh City​ (Image from the Internet)

On October 30, 2024, Ho Chi Minh City Social Insurance issued Official Dispatch 8126/BHXH-KHTC, announcing the adjustment of the schedule for payment of pension and social insurance allowance from December 2024.

Adjustment of the schedule for payment of pension and social insurance allowance from December 2024 in Ho Chi Minh City​

To implement Decision 166/QD-BHXH of 2019 by Vietnam Social Insurance regarding the issuance of procedures for resolving entitlements to social insurance regimes, monthly social insurance benefits payments, unemployment insurance, and Official Dispatch 3830/BHXH-TCKT of 2024 concerning the transfer of monthly pension and social insurance benefit payments through personal accounts to beneficiaries from November 2024, the monthly schedule for payment of pension and social insurance allowance of Ho Chi Minh City Social Insurance will commence on the 1st of each month for cashless payment methods; from the 2nd to the 10th of the month at all payment points; and continue from the 11th to the 25th at postal transaction points for cash payment methods.

Ho Chi Minh City Social Insurance announces the schedule for payment of pension and social insurance allowance from December 2024 onwards as stipulated in Official Dispatch 8126/BHXH-KHTC of 2024, as follows:

(1) Payment Schedule for Pension and Social Insurance Benefits:

- Payment via ATM account: Ho Chi Minh City Social Insurance directly transfers money to the beneficiaries' accounts from the 1st of each month.

- Payment in cash: Ho Chi Minh City Post Office organizes payment at payment points from the 4th to the 10th of each month; continues payment at the Central/District Post Office from the 11th to the 25th of each month.

Note: If the payment date coincides with a Saturday, Sunday, or public holiday, the payment will be made on the next working day.

(2) Implementation Organization

The Ho Chi Minh City Post Office, Thu Duc City Social Insurance, and district social insurance offices are requested to inform beneficiaries during the November 2024 payment period.

On the November 2024 payment date, Thu Duc City Social Insurance and district social insurance offices, along with Ho Chi Minh City Post Office, cooperate with banks to promote and encourage pension and social insurance benefit recipients to open bank accounts and register to receive pensions and social insurance benefits through bank accounts, guiding beneficiaries to open accounts and receive ATM cards at the payment point.

The Media Department is assigned to issue a press release on the purpose and timing of pension payments according to Official Dispatch 8126/BHXH-KHTC of 2024. The information will be disseminated on the city's social insurance website and other media platforms.

In the course of implementation, if there are any issues, promptly report them to Ho Chi Minh City Social Insurance (via the Financial Planning Department) for guidance and resolution.

Note: The basis for resolving entitlements to social insurance benefits is the social insurance book, which reflects the process of social insurance contributions consistent with the centrally managed national database (excluding subjects managed by the Ministry of National Defense and Ministry of Public Security without contribution data in the Vietnam Social Security centralized database).

When resolving entitlements to social insurance benefits, the social insurance book should be compared with the contribution database and the social insurance book should be archived as per regulations after processing pensions and survivorship benefits. In cases where social insurance benefits have been resolved and adjustments, cancellations, or terminations are involved concerning the contribution database, the system must first be adjusted, followed by the social insurance book; adjustments should be based on the revised database and social insurance book to implement adjustments, cancellations, or termination of social insurance benefits as per regulations. (According to Clause 1, Article 3 of the Procedure issued with Decision 166/QD-BHXH of 2019)

Refer to the Official Dispatch 8126/BHXH-KHTC, issued on October 30, 2024.

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