Pensions and allowances for meritorious people increase, the elderly feel secure in old age

Minh Phương - Phương Linh |

It is noted that since pensions and other benefits were increased, the elderly have been able to enjoy their old age with peace of mind.

Comfortable in living

From July 1, 2024, when her pension increased to nearly 4.7 million VND/month, Ms. Tran Thi Tuyet (Thanh Hoa) was able to spend more comfortably on daily expenses and activities. Ms. Tuyet said that thanks to the increased pension, there was more meat in her meals, and she did not hesitate to spend an additional 500,000 VND each month to buy more milk and functional foods to support bone and joint health and cardiovascular health.

Decree 77/2024/ND-CP amends the standard level of preferential allowances for people with revolutionary contributions. Accordingly, the standard level of preferential allowances for people with revolutionary contributions will increase from VND 2,055,000 to VND 2,789,000 (35.7%) and take effect from July 1, 2024. When the allowance is increased according to the new regulations, it will greatly help the lives of people with revolutionary contributions and their relatives.

Mr. Nguyen Bach Dang (84 years old, Nam Dinh) could not hide his joy and gratitude for the State's policy of increasing the subsidy to a maximum of 35.7%. Mr. Dang is currently receiving 2 subsidies for war invalids and Agent Orange with the amount of 6,016,000 VND. With the new subsidy level, Mr. Dang can receive a total of 7.2 to 8 million VND/month. Living in the countryside, according to Mr. Dang, this subsidy level will ensure a relatively comfortable life.

For Mr. Nguyen Ngoc Lan (76 years old, Nam Dinh), when the maximum increase of 35.7% is made, he receives a monthly allowance of 4.7 million VND/month for two allowances for disability and Agent Orange. With this new amount of money, Mr. Lan is less worried and does not have to worry about his children as much as before.

Previously, with the 3.5 million VND subsidy, Mr. Lan and his wife had to calculate very carefully, and their children still supported them with an additional 500,000 VND to 1 million VND/month. When the subsidy increased, Mr. Lan's wife said she would spend it all to buy her husband better medicine.

Employee happiness index is the benefits enjoyed

In July 2024, Mr. Cao Van Mi (residing in Khanh Vinh district, Khanh Hoa) received 60 million VND in support to build a private house with a solid concrete foundation to replace his wooden house that was at risk of collapsing at any time. His family is poor, with 3 members, so he recently applied for a job as a worker at a company specializing in wood chip processing in the mountainous district of Khanh Vinh.

With a total monthly income of more than 4 million VND, when his parents gave him land, Mr. Mi only dared to build a temporary wooden house to live in. Every rainy season, he was worried that his house was about to collapse. When the union connected him with support, both husband and wife lost sleep with joy. Excitedly borrowing an additional amount in addition to the support, Mr. Mi and his family are completing the house they have been dreaming of for many years.

“Having a stable house is my success this year. With support to build a house, my wife and I have more motivation and better spirit to work harder, take better care of our children, and set a goal to strive to escape poverty so that our children can have a more prosperous life,” Mr. Mi shared.

Ms. Nguyen Thi Thu Suong - Long Sinh Company Limited - shared that in 2024, the Company's employees will receive a salary increase in the context of many businesses facing difficulties due to the impact of the COVID-19 pandemic. According to Ms. Suong, salary and bonus are the number 1 important indicator in the commitment and dedication of employees.

In fact, for businesses to be able to increase annual salaries and bonuses, the necessary factor is that the business operates effectively, making positive contributions not only to society and the economy, but also to employees. This makes employees feel safe and happy when they can work in an environment where the business has stable and sustainable development. There are also cases where not all businesses that operate effectively and have good profits are willing to increase annual salaries and bonuses for employees. Only business owners who are truly dedicated will give more and more benefits to employees when the business is operating well.

“We feel lucky to work in an environment where the business owner always creates conditions and strives to increase salaries and benefits for employees. Employees themselves also feel respected, cared for and will devote themselves,” Ms. Suong emphasized.

Minh Phương - Phương Linh
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How to calculate the pension of a professional military captain

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The new pension increase will ensure adequacy and narrow the pension gap between retirees of different periods.