Consider adjusting the level of social retirement allowance

Hà Anh |

Mr. Tran Thi (Hanoi) asked: How long does it take to review and review the adjustment of social retirement allowances?

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

Under the provisions of Article 21, Article 22 of the Law on Social Insurance 2024: Social retirement benefits are the type of social insurance guaranteed by the state budget, built on the basis of inheriting and developing partly from the regulations on monthly social benefits for the elderly, which stipulates:

- The age of enjoying social retirement allowances is 5 years older than the age of monthly social allowance for the current elderly, specifically:

+ Vietnamese citizens from 75 years of age or older without entering pension or monthly social insurance allowance are entitled to social retirement benefits.

+ Vietnamese citizens from 70 years old to under 75 years old of poor households, near -poor households and meet conditions are entitled to social retirement allowances.

- The monthly social retirement allowance is prescribed by the Government in accordance with the socio -economic development conditions and the capabilities of the state budget from time to time.

In the three years, the Government reviews and reviews the adjustment of social retirement benefits.

Depending on the socio -economic conditions, the ability to balance the budget, mobilize social resources, the provincial People's Committee submits to the People's Council of the same level to decide to support additional social retirement benefits.

- People who are eligible for social retirement allowances are both subject to monthly social benefits, they are entitled to higher benefits.

- Being paid health insurance in the state budget while enjoying social retirement allowances, when dying, the burial organizations and individuals are allowed to receive burial expenses in accordance with the law on the elderly.

- Considering the gradual adjustment of the age of social retirement benefits: The Standing Committee of the National Assembly decides to gradually reduce the age of social retirement allowance on the basis of the Government's proposal in accordance with the socio -economic development conditions and the capacity of the state budget from time to time.

Hà Anh
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