The Vietnam Social Security (VSS) has just announced the combined payment of social insurance benefits, including pensions and allowances, for January and February 2025.
According to VSS, following the Directive No. 45 issued by the Prime Minister regarding strengthening measures to ensure a joyful, healthy, safe, and economical celebration of the Lunar New Year festival in the year of the Metal Snake, VSS aims to promote solidarity and mutual support within the community, effectively implement social welfare policies, and take care of the material and spiritual lives of the people.
To achieve this, VSS will provide advance payments of pensions and social insurance benefits for January and February 2025 as follows: VSS will allocate funds for the payment of pensions and social insurance benefits for January and February 2025 to provincial and municipal social insurance agencies during the same period as the payment for January 2025, including both cash and personal account recipients.
VSS requests that provincial and municipal social insurance agencies report to local party committees and authorities about the plan to implement the combined payment of pensions and social insurance benefits for January and February 2025 during the same period as the payment for January 2025.
Ensure timely and full payment of monthly pensions and social insurance benefits through personal accounts for January and February 2025 during the same period as the payment for January 2025.
VSS implements the combined payment of pensions and social insurance benefits for January and February 2025 (Photo: VSS)
The person receiving the highest pension in the country is Mr. P.P.N.T. from Ho Chi Minh City, with a monthly amount of approximately VND 161 million. For the January 2025 payment period, Mr. T. will receive a total of VND 322 million.
Previously, explaining the reason for this “extraordinary” pension, the social insurance agency shared that before retirement, Mr. T. was the Chairman of the Members’ Council and General Director of a company, and he had made social insurance contributions at very high levels during his 23 years of participation.
Particularly in the period before 2007, when the regulations allowed the actual salary to be used as the basis for social insurance contributions (without the ceiling limit as per current regulations), Mr. T.’s contribution amount was extremely high. There were times when his average monthly salary for social insurance contribution exceeded VND 200 million.
Arranging home payment for elderly, frail, sick, or disabled beneficiaries unable to reach the payment location
Based on the funding plan of VSS, the Vietnam Post and Telecommunications Corporation (VNPT) will transfer funds for the payment of monthly pensions and social insurance benefits for January and February 2025 in cash to beneficiaries in a timely manner as guided by VSS.
VNPT will collaborate with the postal agency to inform beneficiaries about the schedule for the combined payment of pensions and social insurance benefits for January and February 2025, which will be made during the same period as the payment for January 2025.
Strengthen the inspection and supervision of the payment process, coordinate to resolve and handle any issues that may arise, and promptly report any difficulties encountered during the implementation process.
VSS requests VNPT to direct its units to cooperate with social insurance agencies in developing a plan for the combined payment of pensions and social insurance benefits for January and February 2025 during the January 2025 payment period. This will provide maximum convenience to beneficiaries during the Lunar New Year festival, arrange home payment for elderly, frail, sick, or disabled beneficiaries unable to reach the payment location, and conduct communications to inform monthly pension and social insurance benefit recipients about this combined payment arrangement.
