Including a proposal to adjust the number of years of outstanding social insurance contributions to be paid once to receive pensions.
The current Social Insurance Law stipulates that employees participating in voluntary social insurance who are of retirement age and have paid for 20 years will receive pension.
People who are of retirement age but still have less than 1 year of participation are allowed to pay once for the remaining period to receive pension immediately but not more than 10 years.
With the above proposal, the agency drafting the Draft Decree explains that the amended Law on Social Insurance effective from July 1 has reduced the minimum period of social insurance payment to receive pension from 20 years to 15 years.
Therefore, the one-time payment period also needs to be adjusted from 10 to 5 years to suit the principle of contribution - benefit and the ability to balance the Social Insurance Fund. The number of years reduced to 5, which also reduces the amount of money that workers have to pay at one time, makes it easier for them to retire.
Workers believe that the number of years of voluntary social insurance contributions should not be limited to a maximum of 5 years but should be left for 10 years as before.
Ms. Nguyen Thi Phuong (48 years old) - a leather shoe worker in Nam Dinh said that she has no intention of withdrawing social insurance at one time to retire with a pension. Ms. Phuong also worked persistently for a long time to receive a high pension.
"I have paid social insurance for more than 9 years. I plan to pay social insurance for at least 20 years to receive a pension of 3 million VND" - Ms. Phuong said.
Ms. Phuong said that although she has worked for 9 years, in the past 2 years the social insurance contribution has increased by over 4.5 million VND. In previous years, the contribution level was quite low, from only 3.1 million to 4.4 million VND, so I had to pay for many years to receive the pension as expected.
To implement the above plan, Ms. Phuong said that she still has to work and pay social insurance at the company for at least 12 years. If her health allows, she will work and pay for 15 years before quitting her job.
With the remaining years, the female worker said she will choose the solution of paying voluntary social insurance.
According to Ms. Phuong, older workers are the most likely to be unemployed when the company cuts down on personnel. When you lose your job at the age of over 50, the opportunity to work and continue to pay social insurance is extremely difficult.
Ms. Phuong said that the number of years of voluntary social insurance contributions should not be limited to a maximum of 5 years, but should be left for 10 years as before. According to the female worker, 10 years is suitable for workers to decide on the number of years they want to contribute more without being limited.
Regarding the Draft Decree guiding the implementation of a number of articles of the amended Law on Social Insurance on voluntary social insurance, the drafting agency also proposed two options to support contributions for workers in the voluntary sector in the context of slow coverage.
Option 1, the budget will support 50% for poor households, people living in island communes and districts; 40% for near-poor households; 30% for ethnic minorities and 20% for other groups.
Option 2 adjusts the support rate to be lower, equal to 30% for poor households, people living in island communes and districts; equal to 25% for near-poor households; 20% for ethnic minorities and 10% for other groups.
