How much minimum social insurance premium and how many years to be eligible to receive pension is the content that employees wishing to participate in voluntary social insurance are very interested in.
To participate in voluntary social insurance, participants will go to the collection agents of the social insurance agency (collection agents in wards and communes, post office collection agents, etc. or pay directly at the social insurance agency) to complete procedures. customary.
Specifically, the required procedures include: participation declaration, adjustment of information on social insurance, health insurance (HI), …
Regarding the payment amount, according to Article 10 of Decree 134/2015/ND-CP, the monthly payment rate is equal to 22% of the monthly income, selected by the voluntary social insurance participants.
According to Clause 2, Article 87 of the Law on Social Insurance 2014, the lowest monthly income to choose is 700,000 VND, equal to the poverty line in rural areas, and the highest is 29,800,000 VND, equal to 20 times base salary at the time of closing.
Participants in voluntary social insurance are supported by the State with payments above the poverty line in rural areas: poor households are supported by the State 30% (46,200 VND/month); near-poor households 25% (38,500 VND/month), and other cases 10% (15,400 VND/month).
Therefore, the lowest payment is 138,600 VND/month, and the pension is expected to be over 464,000 VND/month for men, and over 567,000 VND/month for women.
The highest level of contribution is 6,540,600 VND/month, and the expected pension with this contribution is about 19,700,000 VND/month for men, and more than 24,100,000 VND/month for women.
Point c, Clause 1, Article 219 of the Labor Code 2019 amending and supplementing Clause 1, Article 73 of the Law on Social Insurance 2014 stipulates the conditions for pension enjoyment as follows: full retirement age as prescribed in Clause 2, Article 169 of the Law on Social Insurance. Labor Code 2019; full 20 years of paying social insurance premiums or more.
At the same time, in Clause 2, Article 73 of the Law on Social Insurance 2014, stipulates that, if an employee has fully met the age conditions but has not paid social insurance contributions for less than 20 years, he/she may pay until full 20 years to enjoy the pension.