Retired officers receiving monthly pension

It is hard to predict the future, however, we can be well-prepared for ourselves in our old age by working and accumulating the participating duration in social insurance, which is quite simple and effective. If you are an employee with a labour contract, you can participate in compulsory social insurance. In which, the current contribution rate of accounts for only 10.5% of the salary and the employer also got you covered by 21.5%. If you are self-employed, participating in voluntary social insurance allows you to choose the amount of payment that suits your affording conditions, in which the lowest amount is for the poverty line in rural areas (currently at 700,000VND). As a result, by the monthly contribution rate of 22%, it is equivalent to 138,600VND (and 10% supported by the state). However, the amount of pension entitlement can reach 75% out of the contribution amount on average. In addition, pensioners are also provided with a health insurance card with 95% coverage for medical examination and treatment at primary level. Besides, relatives and caregivers of social insurance participants are also entitled to the survivorship allowance if the participants pass away.

One-off social insurance claim may solve some immediate difficulties, but it means that you will stand a high chance of your old age not being secured, which is the most vulnerable age. The weakened immune system is susceptible to diseases and you are not healthy enough to work. Many people who have received one-off social insurance claim wanted to return money to recover the amount of participation time in social insurance so that they would be eligible for pension, but it is not possible.

Therefore, to ensure long-term social security and your old age, you should consider carefully before deciding to receive one-off social insurance claim in order to receive pension once you reach the retirement age. When we are young and healthy enough to work, we have numerous opportunities to overcome difficulties. You may consider the social insurance book a property and a certain reserve for the future; If you are unable to continue to contribute due to some hardship, you may sign up for reservation. Until you are ready to go, you can keep on accumulating.

Social insurance is a welfare policy of the Party and the State for non-profit purposes. Therefore, all calculations for contribution rates, amount and period are aimed at protecting workers and moving towards a safe society so that the elderly can have a stable income and have independent and happy lives. Please take action for your own future, try to overcome all difficulties if possible in order to retain a reliance for the old age with the fulfillment of peace and happiness./.