Regarding the new regulations on receiving a lump-sum Social Insurance benefit, Mr. Pham Minh Phu from District 12, Ho Chi Minh City, has a concern. Specifically, Mr. Phu has been mandatorily insured for almost five years and has now left his job, choosing to preserve his Social Insurance contribution history. If Mr. Phu resumes mandatory Social Insurance contributions after July 1, 2025, and subsequently leaves his job without having contributed for a total of 20 years, will he still be eligible to withdraw his Social Insurance in a lump sum?
Tan Binh Social Insurance staff promote policies to workers
Ms. Le Nhu Nguyet, from Binh Tan District, Ho Chi Minh City, shared that she has never participated in Social Insurance and currently does not have a formal job that would require mandatory Social Insurance contributions. Ms. Nguyet heard that if she starts contributing to Social Insurance after July 1, 2025, she will no longer be able to withdraw her benefits in a lump sum. If she registers for voluntary Social Insurance participation from this point (June 2025) to connect with future mandatory contributions, will this be considered participation before July 1, 2025, for the purpose of lump-sum benefit calculations? Additionally, Ms. Nguyet would like to know more about the categories of individuals who are ineligible for the lump-sum Social Insurance benefit under the new regulations.
Addressing the concerns of the workers, Lawyer Tran Huu Tin, Head of the Law Office of Tin and Associates, stated that according to Article 70 of the 2024 Social Insurance Law, insured individuals who have terminated their Social Insurance participation and make a request are eligible to receive a lump-sum benefit if they meet one of the following conditions:
– They have reached retirement age but have not contributed for 15 years or more;
– They are emigrating to another country for permanent residence;
– They are suffering from one of the following diseases: cancer, paralysis, decompensated cirrhosis, severe tuberculosis, or AIDS;
– They have a certified work capacity loss of 81% or more; they are severely disabled;
– They have contributed to Social Insurance before July 1, 2025, and after 12 months, they are not subject to mandatory Social Insurance contributions and do not voluntarily participate in Social Insurance, with total contributions of less than 20 years.
Consequently, from July 1, 2025, onwards, individuals who do not meet the above conditions will not be eligible to withdraw their Social Insurance in a lump sum.
In the case of Mr. Phu, since he has contributed to Social Insurance before July 1, 2025, if he does not participate in mandatory or voluntary Social Insurance for 12 months and has contributed for less than 20 years in total, he will still be eligible to withdraw his benefits in a lump sum.
Similarly, if Ms. Nguyet starts contributing to voluntary Social Insurance from June 2025, i.e., before the effective date of the 2024 Social Insurance Law, she will be eligible for a lump-sum benefit in the future.
Microsoft Vietnam Named in Social Insurance Delinquency List for 3 Billion VND
Microsoft Vietnam Limited Liability Company has been operating since 2007 as a subsidiary of Microsoft Corporation (USA), a global technology leader.
Unannounced Inspection at Kim Bien Market
The authorities conducted surprise and regular inspections of Kim Bien Market to prevent hazardous chemicals from posing a threat to public safety.
The Port City Halts Land-Use Conversion for Households and Individuals
In recent times, there have been instances of unauthorized land-use conversions in certain districts of Hai Phong City, particularly during the provincial consolidation, social reorganization, and dissolution of the district-level government. As a response, the city of Hai Phong has issued a temporary halt on accepting and processing land-use conversion applications to address these issues.
“A Vision for Educators: Minister Nguyen Kim Son Advocates for a Twofold to Threefold Increase in Teachers’ Salaries, Emphasizing the Need for Careful Calculations”
“With a workforce of 1.2 million educators, even a slight increase in expenditure requires careful consideration. While we aim high, we must also be mindful of budgetary constraints and feasibility. There needs to be a well-thought-out roadmap,” emphasized Minister of Education and Training, Nguyen Kim Son.
What Benefits Can Voluntary Social Insurance Participants Enjoy Starting July 1st?
The Social Insurance Law has introduced additional benefits, making voluntary social insurance policies more attractive.
