Not eligible for pension but still able to receive monthly allowance
Many citizens expressed concern, they pay social insurance (SI) but are not eligible for pension, so what is the regime?
Responding to this issue, lawyer Nguyen Thu Trang, Deputy Director of Heva Law Firm LLC, said that according to Article 23 of the Law on Social Insurance 2024 (effective from July 1, 2025), monthly allowance recipients who are Vietnamese citizens who meet the following conditions:
First, the retirement age is reached from July 1, 2025, specifically: male workers are 61 years and 3 months old, female workers are 56 years and 8 months old.
Second, there was a period of social insurance payment but was not eligible for pension according to regulations.
Third, not old enough to receive social pension benefits according to regulations.
Fourth, employees who do not choose to receive one-time social insurance and do not reserve the paid period and have a request will receive a monthly allowance from the social insurance payment that the employee has participated in.
Pursuant to Clause 6, Article 23 of the Law on Social Insurance 2024, people who are receiving monthly allowances are covered by the state budget for health insurance.
Accordingly, beneficiaries do not have to pay health insurance themselves and still have a health insurance card to use when examining and treating patients according to the right benefits and benefits of the card when they are unfortunately sick or ill.
This regulation ensures connectivity and unity between social insurance and health insurance policies, helping social insurance participants continue to receive health care during the period when they are not eligible for pensions, limiting financial risks for medical examination and treatment in the context of increasing medical costs.
The dossier and settlement period for monthly allowances are as follows:
According to Article 24 of the Social Insurance Law 2024, the application for monthly allowances includes:
Social Insurance book;
Document requesting monthly allowance according to the prescribed form.
Within 05 working days from the date of receiving a complete and valid dossier, the Social Insurance agency is responsible for handling the dossier for the employee. In case it is not resolved, the social insurance agency must respond in writing and state the reason.
Employees need to carefully review information about the time and level of social insurance payment in the social insurance book to ensure accurate and complete documents, avoiding the need to adjust or supplement, which prolongs the processing time.
Thus, citizens need to note that in cases where citizens have paid social insurance but are not eligible for pension, they need to carefully research and complete the procedures to receive social benefits as analyzed above to avoid disadvantages.
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