An overview of the National Assembly (NA) Standing Committee's 25th session. (Photo: VNA)

Hanoi (VNA) – Members of the National Assembly(NA) Standing Committee on August 17 discussed solutions to issues related to one-offwithdrawal of social insurance benefits and policies to support labourers, during their ongoing 25th session.

♚ Minister of Labour, Invalids and Social Affairs Dao NgocDung said that in order to minimise the claiming of one-off payout of socialinsurance benefits and ensure that labourers enjoy maximum long-term benefits whenthey retire, many adjustments have been included in the draft Social InsuranceLaw (revised), aiming to increase the insurance benefits and encourage employeesto reserve the payment period to enjoy pension instead of receiving one-timesocial insurance.

Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung addresses the session. (Photo: VNA)

He said that the bill gives two options on the conditions toenjoy one-time social insurance payment.

In the first, employees who have paid social insurancepremiums before the coming into force of the Social Insurance Law (revised) andleft their job for 12 months will be eligible for one-off payout of socialinsurance benefits. Meanwhile, those who start paying social insurance premiumsat the time when the law takes effect (July 1, 2025 as scheduled) will not be eligiblefor the policy, excepting for some special cases.

In the second, employees that are not subject to compulsorysocial insurance and do not pay social insurance premiums voluntarily within 12months, and have paid the premiums for full 20 years will receive parts oftheir benefits, but no more than 50% of their total payment time. The restwill be reserved for them.

Chairwoman of the NA's Committee for Social Affairs Nguyen Thuy Anh stressed the need todesign clear policies to ensure the long-term benefits for labourers, addingthat it is necessary to add reasonable transitional provisions for these cases.

NA Chairman Vuong Dinh Hue said that it is crucial to carefully consider theoptions to choose the one which can help labourers deal with the immediate difficulties and enable them to continue to join social insurance at the sametime, thus avoiding harm to the social welfare network.

Vice President of the Vietnam General Confederation ofLabour (VGCL) Phan Van Anh said that enjoying one-off payout of socialinsurance benefits is the legitimate interest of employees. However, theincreasing number of laboureres claiming this benefit is a worrisome situation,which not only directly affects the labourers but also harms thesocio-economic and social welfare situation.

🦄 He analysed pros and cons of each option, stressing the need for a moresystematic solution to support labourers in their difficult time such asproviding soft loans, training and employment opportunities./.