Implementing the policy of the Government and the Prime Minister, in recent times, the Vietnam Social Security sector has actively communicated and popularized the advantages and benefits of receiving benefits through accounts with the spirit of encouraging beneficiaries to voluntarily participate.
To date, in urban areas, about 74% of beneficiaries have received social insurance and unemployment benefits through personal accounts (an increase of about 10% compared to 2023).
Because the payment time for pensions and monthly social insurance benefits in September 2024 coincides with the National Day holiday ; the Social Insurance agency has fully prepared the conditions since the end of August 2024 so that beneficiaries can receive the regime immediately after the end of the holiday.
Accordingly, the payment schedule for beneficiaries through the bank accounts of the Social Insurance of provinces and cities will start from September 4, 2024 or September 5, 2024 according to the announced flow, ensuring completion before September 10, 2024.
Previously, to reduce intermediary steps and ensure timely payment so that beneficiaries receive money as soon as possible from the beginning of the month, from August 1, Vietnam Social Security has directly transferred monthly pension and social insurance allowance payments to personal accounts for beneficiaries at Social Security in 43 provinces and cities.
In the payment period of September 2024, Vietnam Social Security will continue to pay monthly pensions and social insurance benefits through personal accounts at 43 provincial and centrally-run social security agencies that have implemented this method in the payment period of August 2024. For the remaining 20 provincial social security agencies, monthly pensions and social insurance benefits will continue to be paid through personal accounts and in cash through the postal system.
Talking to Lao Dong Newspaper reporter, Mr. Phan Van Men - Director of Hanoi Social Insurance said that Hanoi Social Insurance will start paying pensions and social insurance benefits to people in the capital right after the holiday - September 4. And the Social Insurance agency is preparing nearly 4,100 billion VND to pay pensions and benefits to more than 594,000 beneficiaries...
It is known that in August 2024, Hanoi Social Security also prepared about 4,100 billion VND to pay pensions and social insurance benefits to people. And in Hanoi, nearly 98% of people received money through personal accounts. Compared to the form of receiving money directly, receiving money through bank accounts brings many advantages and conveniences to people as well as the Social Security agency, which is to reduce the amount of cash transactions in accordance with the Government's policy.
