From July 1, how is social pension allowance specifically regulated

Linh Nguyên |

Ms. Ha Vy (Hanoi) asked: From July 1, the Social Insurance Law 2024 will take effect, in which the regulation on social pension benefits is a new point. So how is social pension allowance specifically regulated?

Ms. Nguyen Ngoc Linh - Lawyer of Quoc Thai Law Office, Hanoi Bar Association - advised as follows:

According to the provisions of Articles 21 and 22 of the Law on Social Insurance 2024: Social pension benefits are a type of social insurance guaranteed by the state budget, built on the basis of inheriting and developing part of the regulations on monthly social allowances for the elderly, in which it is stipulated:

- The age of receiving social pension benefits is 5 years lower than the current age of receiving monthly social benefits for the elderly, specifically:

+ Vietnamese citizens aged 75 and over who do not receive a monthly pension or social insurance allowance are entitled to social pension allowance.

+ Vietnamese citizens aged 70 to under 75 who are poor or near-poor households and meet the conditions are entitled to social pension benefits.

- The monthly social pension subsidy level is prescribed by the Government in accordance with the socio-economic development conditions and the capacity of the state budget in each period.

Every 3 years, the Government reviews and considers adjusting the social pension subsidy level.

Depending on socio-economic conditions, the ability to balance the budget and mobilize social resources, the provincial People's Committee shall submit to the People's Council of the same level a decision on additional support for social pension beneficiaries.

- People who are both eligible for social pension benefits and are also eligible for monthly social benefits will receive a higher allowance.

- Receive state budget health insurance payment while receiving social pension benefits, when he/she dies, the organization or individual responsible for the funeral will receive support for burial costs according to the provisions of the law on the elderly.

- Consider gradually adjusting the age of receiving social pension benefits: The National Assembly Standing Committee decided to gradually adjust the age of receiving social pension benefits based on the Government's proposal in accordance with socio-economic development conditions and the capacity of the state budget in each period.

Linh Nguyên
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