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Subjects participating in supplementary pension insurance are employers and employees.

The State policies on supplementary pension insurance are specifically stipulated in the 2024 Social Insurance Law (Article 127) as follows: (i) Encouraging the development of supplementary pension insurance by applying preferential policies in accordance with the provisions of the law on tax; (ii) Complete the law and policies on supplementary pension insurance, the implementation of supplementary pension insurance policies professionally, modernly, and transparently; create favourable conditions for employers and employees to have more choices to make additional contributions to receive higher pensions.

Four principles of supplementary pension insurance:

(1). The level of supplementary pension insurance contributions shall be voluntarily agreed by employers and employees.

(2). Contributions to the supplementary pension insurance fund shall be managed according to each individual pension account.

(3). Management of the supplementary pension insurance fund shall be carried out under the principles of publicity, transparency, and the fund investment shall be made in accordance with the provisions of law.

(4). The level of supplementary pension insurance payments shall be determined based on the balance of the individual pension account at the time of payment, accumulated through investment activities of the supplementary pension insurance fund under market principles.

Supplementary pension insurance fund

(1). The supplementary pension insurance fund is a financial fund seperated from the state budget; is calculated, accounted for, made financial reports, and audited in under the provisions of the law on accounting and the law on state audit.

(2). The contributive sources of the supplementary pension insurance fund include contributions from employers, employees, and profits from the fund's investment activities.

(3). The supplementary pension insurance fund shall be used to pay supplementary pension benefits for employees, and for organization and management costs.

In addition, according to the Law,  the Ministry of Finance shall be assigned to develop and submit to competent authorities for promulgation or promulgate under its authority policies and regulations on supplementary pension insurance; to direct and guide the implementation of policies and laws on supplementary pension insurance; to monitor, evaluate, inspect, and examine the implementation of supplementary pension insurance; to handle violations of the law and resolve complaints and denunciations about supplementary pension insurance; Carry out statistical work and information on supplementary pension insurance./.