Voters of Vinh Phuc province proposed to study and amend the Law on Employment in the direction that those who pay unemployment insurance (UI) but when they retire or terminate their labor contract but have not yet received unemployment benefits will be paid the amount of UI paid by the individual (1%) into the UI Fund because according to the insurance principle, if you pay, you will receive.
Ministry of Labour, War invalids and Social Affairs responded:
Unemployment insurance is a short-term insurance (like health insurance), with a high risk sharing between employed people and unemployed people. Many people pay but only a few unemployed people benefit. It aims to support workers in maintaining their jobs, providing training, counseling, job referrals, and partially compensating workers' income when they lose their jobs.
Currently, the average monthly social insurance contribution is 6,000,000 VND, a person pays a minimum of 12 months with the amount of 1% x 6,000,000 x 12 months = 720,000 VND (equivalent to 12%) can enjoy benefits up to nearly 500% (not including consulting and job referrals). Thus, to have funds to pay social insurance benefits for one person to enjoy the maximum benefits, nearly 40 people must pay. According to current reality, for every 12-13 people paying, there is 1 person receiving benefits.
The principle of contribution and benefit in social insurance is that if a risk occurs and the conditions are met, the insured person will receive compensation for damages according to each specific regime, not having to pay money into the fund. If there is no risk, the amount paid will be returned.
