Accordingly, the industry does not advocate and has no rigid regulations on people receiving benefits through personal accounts. Beneficiaries can completely choose the form of social insurance that is most suitable and optimal for themselves.
Implementing the provisions in Clause 3, Article 18 of the 2014 Law on Social Insurance, in recent times, the Vietnamese social insurance industry has actively propagated to all classes of people and effectively deployed diverse forms of payment of pensions and social insurance benefits. Flexible and suitable to the needs of beneficiaries.
Specifically, beneficiaries have the right to choose to receive pension and social insurance benefits fully and promptly, according to one of the following payment methods: Firstly, directly from the social insurance agency or service organization authorized by the agency. authorized social insurance agency; Second, through the employee's deposit account opened at the bank; Third, through the employer.
Implementing the Government's policy on promoting non-cash payments, with the goal of bringing the best to participants and policy beneficiaries, in recent times, the Vietnam Social Insurance industry has actively coordinated Coordinate with relevant ministries and branches to propagate and disseminate the benefits of receiving benefits through accounts in the spirit of voluntary participation by participants and beneficiaries.
The implementation of non-cash payment of pensions and social insurance benefits is in accordance with the policies of the Government and the Prime Minister and has many advantages and utilities such as: helping beneficiaries not have to concentrate on receiving money and signing. Payment list at payment points should save travel time and effort; Ensuring that beneficiaries receive social insurance benefits fully, quickly, accurately, promptly, safely, and on time as prescribed...
Not to mention, currently, the commercial banking system is widespread, non-cash payment methods provide many utilities, integrating many features to support customers in transactions such as: Cash withdrawal, lookup balance, money transfer, payment, bill payment... so beneficiaries experience many advantages.
In addition, the form of payment through personal accounts at banks is consistent with the country's development situation, contributing more actively to the effective implementation of the National Comprehensive Financial Strategy until 2025, orientation to 2030 and Directive No. 22/CT-TTg of the Prime Minister on promoting the implementation of non-cash payment solutions in Vietnam, thereby bringing practical benefits to beneficiaries. and contribute to the modernization of the country's economy and society.
