On 08/10/2018, the Government issued Resolution No. 125/NQ-CP promulgating the Government’s Action Program to implement Resolution No. 28-NQ/TW of May 23, The 7th Central Committee on reforming social insurance policy. This resolution takes effect from the date of its promulgation.
Accordingly, the Government has a series of adjustments related to the social insurance policy in the coming time requires implementation. Specifically:
– To amend the wage regulations so as to facilitate the determination of grounds for payment of social insurance premiums in enterprises by at least 70% of the total wage of other qualitative incomes of laborers;
– To adjust the calculation of pension according to the principle of enjoyment; To increase the entitlements if the social insurance premiums are reserved for the purpose of enjoying the retirement or reduction of the entitlement to one-time social insurance benefits;
– Pilots implement flexible short-term voluntary insurance so that employees have more choices to participate and enjoy;
– Determining the participation in compulsory social insurance for Vietnamese laborers going to work overseas and the enjoyment of social insurance regimes after the end of their working time abroad.
Thus, the promulgated action plan of the Government is expected to promote the implementation of policies on social insurance seriously implemented, ensuring the legitimate rights and interests of the workers and contribute to ensuring social justice.