Pensions are an important social security regime, ensuring a stable source of income for employees when they reach retirement age. According to the 2024 Law on Social Insurance, the process of resolving pension benefits is clearly stipulated on the deadline for submitting dossiers and the processing time, in order to limit the situation of delays in benefits.
Based on Article 79 and Article 107 of the 2024 Law on Social Insurance, pension settlement is carried out in the following steps:
Submit application
Employers submit dossiers according to regulations to the social insurance agency within 20 days before the time the employee is eligible to receive a pension.
Within 20 days before the time of eligibility for pension, the person who is preserving the compulsory social insurance contribution period submits a dossier to the social insurance agency.
Resolving pension benefits
The social insurance agency resolves within 20 days, excluding holidays and Tet, from the date of receiving complete dossiers as prescribed for pension applicants.
In case it is not resolved, it must be answered in writing and clearly state the reason.
Reality shows that many cases of extended pension benefits are due to late application submission or lack of documents. Workers are recommended to proactively check the social insurance payment process, review social insurance books and prepare dossiers early before retirement.
Grasping the order and procedures according to the 2024 Social Insurance Law not only helps ensure benefits but also limits risks arising in the process of settling regimes.
