Currently, many employees in Vietnam wish to receive their lump-sum social insurance payout instead of the monthly pension when they reach retirement age. Below is the newest method for calculating the lump-sum social insurance payout.
Currently, most employees wish to claim their lump-sum social insurance payout for several reasons. However, when receiving lump-sum social insurance payout, employees in Vietnam will face many disadvantages.
Vietnam Social Security issued Official Dispatch 1488/BHXH-TT dated May 22, 2024, to provide guidelines for promoting thematic propaganda on lump-sum social insurance payout.
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