Supplementary pension insurance: Opportunity to enjoy higher pension
09/10/2024 03:49 PM
The 2024 Social Insurance Law (effective from 1/7/2025) adds 01 chapter on supplementary pension insurance, which provides regulations on the subjects, principles, supplementary pension insurance funds and the State policies on supplementary pension insurance, creating favourable conditions for employers and employees to have more options to make additional contributions to enjoy higher pensions.
Illustrative photo
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.
*** WHO child health-related programmes have over the years promoted the concept of supervision as supportive supervision and an opportunity for strengthening services, including clinical management, to replace the deeply rooted idea of supervision as “inspection” or a purely administrative task.
Supervision plays a key role in maintaining the quality of performance of health providers and the services they deliver. Supportive feedback is also highly valued by health providers and helps motivate them in their work.
However, routine supervision is one of the weakest areas in many developing country settings. Lack of transportation means, fuel, financial resources, as well as inadequate training in supervisory skills, approach to supervision and supervisors’ attitudes are some of the constraints reported to supervision.
The standard approach to follow-up visits after IMCI training (Integrated Management of Child Health) has been used in all countries implementing IMCI in the Region to both reinforce health provider skills and improve health system support elements at the health facility. Findings of the visits are not only discussed with facility staff but also usually reported to district health officials for supportive action.
However, IMCI-trained health providers receive only few follow-up visits (one to two on average), within the first few weeks and/or months of training. Follow-up visits then leave the place to routine supervision, which should further improve or at least maintain the levels and standards of care achieved initially.
Information from reviews and data from IMCI health facility surveys suggest that much needs to be done to improve routine supervision. According to those findings, the frequency of supervision varies remarkably from place to place; only a small proportion of facilities visited receive clinical supervision and have the findings recorded in a supervisory book as a reference for the facility staff and future follow-up.
Efforts to improve the quality of supervision in child health have been made by selected countries. Integrated supervisory checklists have been developed in several countries (e.g. Djibouti, Egypt, Islamic Republic of Iran, Sudan, Syrian Arab Republic, Tunisia) to standardize the child health component of routine supervision, although their effects still need to be properly evaluated.
A supervisory skills training package has been developed in Egypt for governorate, district and health facility levels.
Developing checklists and training supervisors in their use is however only one of the issues. Supervision requires, as seen also for other health system elements, a more comprehensive approach.
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