This result shows that more and more workers are interested in the long-term social security value of social insurance (SI) policies, thereby choosing to preserve their participation time to continue accumulating, towards enjoying pensions in old age.
Ms. Duong Thi Minh Chau - Head of the Propaganda and Support Department for Social Insurance Participants of Hanoi City shared that the 2024 Social Insurance Law stipulates that employees who quit their jobs but do not meet the conditions to receive pensions, have not received one-time social insurance benefits or have not received monthly allowances are entitled to preserve the social insurance contribution period. The entire time spent previously will continue to be recorded to add up when employees participate in social insurance again.
Reality shows that after quitting their jobs, many workers often consider receiving one-time social insurance to solve immediate financial difficulties. However, receiving one-time social insurance means ending the entire period of previous social insurance participation; at the same time, there is no longer a chance to receive monthly pensions, health insurance cards during the pension period and long-term social security benefits when old.
Meanwhile, preserving social insurance participation time helps employees retain the entire contributed time to continue connecting when participating in social insurance again. This is considered a solution to help employees actively accumulate social insurance participation time, maintain the opportunity to receive pensions and stabilize their lives when they reach retirement age.
Notably, the 2024 Law on Social Insurance, effective from July 1, 2025, has reduced the minimum condition on social insurance contribution time to receive a pension from 20 years to 15 years. This new regulation is assessed as creating more favorable conditions for employees to accumulate enough time to participate in social insurance to receive a pension when reaching retirement age.
Not only ensuring the opportunity to receive a pension, preserving the time of participation in social insurance also helps employees maintain their health insurance benefits and death benefits according to regulations. Accordingly, pensioners are issued health insurance cards throughout their pension period, contributing to reducing the burden of medical examination and treatment costs when they are old and their health declines. In case of unfortunate risks, relatives of social insurance participants or pensioners are also granted death benefits according to regulations.
According to regulations, the social insurance preservation period is not limited. After resigning, employees can continue to participate in compulsory social insurance at the new unit or participate in voluntary social insurance to continue the period of previous contribution without losing the accumulated social insurance participation process.
For many middle-aged workers, especially freelancers or unemployed workers over 40 years old, preserving social insurance participation time is considered a suitable solution to continue maintaining the opportunity to receive pensions. Instead of withdrawing all social insurance benefits at once, many people choose to participate in voluntary social insurance with appropriate contributions to continue accumulating contribution time, gradually improving the conditions for enjoying pensions in the future.
In the context of rapid population aging, workers maintaining social insurance participation instead of leaving the system not only helps ensure social security for themselves but also contributes to reducing social security pressure in the future. Therefore, preserving social insurance participation time is not only to retain immediate benefits but also a way for workers to proactively ensure a more stable and secure life in old age.
