3 Groups Who Will No Longer Receive Pension and Social Insurance Benefits From July 1st: What You Need to Know

According to Vietnam Social Security, the Social Insurance Law of 2024, which comes into force on July 1, 2025, introduces a notable change by specifying circumstances under which monthly pension and social insurance payments will be temporarily suspended.

The new law outlines three scenarios that will lead to a temporary halt in benefit payments for individuals currently receiving monthly pensions or social insurance benefits:

Firstly, individuals who have departed Vietnam without adhering to the legal regulations on entry and exit will have their pension benefits temporarily suspended. This measure ensures fairness in the social insurance policy and prevents abuse by lawbreakers.

Secondly, individuals declared missing by a court of law will also experience a suspension in their benefits. The social insurance agency will halt payments upon receiving a court decision declaring an individual missing, as it becomes challenging to verify their personal status.

Thirdly, beneficiaries who fail to periodically verify their personal information, as required, will have their payments discontinued. This applies specifically to those receiving pension and social insurance benefits through personal bank accounts. Payments to this group will be suspended until the verification process is completed.

The 2024 Social Insurance Law also outlines the conditions under which pension and social insurance benefit payments will resume for individuals whose benefits were temporarily suspended or terminated (including both the monthly pension and social insurance benefits for the period during which they did not receive payments).

Firstly, in the case of suspension due to illegal departure from the country, benefits will resume upon the individual’s return to Vietnam.

Secondly, for those whose benefits were suspended due to a court declaration of missing status or terminated due to a court declaration of death, benefits will resume upon the court’s reversal of its previous decision.

Thirdly, for beneficiaries whose payments were suspended due to unverified personal information, benefits will resume once their information has been successfully verified.

Vietnam Social Security emphasizes that pensioners and social insurance benefit recipients should be well-versed in these regulations to proactively fulfill their related obligations and safeguard their entitlements.