2 benefits of taking unemployment benefits before receiving pension

Employees are paid severance pay when they leave their jobs.

Pursuant to Article 46 of the 2019 Labor Code, employees who have worked regularly for an employer for 12 months or more will be paid severance pay when they quit their job. This benefit is excluded for those who are eligible for pension.

Therefore, to be paid severance pay, employees need to quit their jobs before they are eligible for pension. Correspondingly, people who quit their jobs to receive unemployment benefits before they are eligible for retirement will be paid severance pay.

Severance pay is calculated based on the period of employment for which unemployment insurance has not been paid, with half a month's salary being paid for each year of employment. Typically, employees will be paid severance pay corresponding to their probationary period and maternity leave.

Get free health insurance card with 80% coverage

According to Clause 6, Article 2 of Decree 146/2018/ND-CP, employees receiving unemployment benefits who are participating in group health insurance paid by the employee will be issued a health insurance card.

Pursuant to Article 22 of the Law on Health Insurance, health insurance benefits for employees receiving unemployment benefits are stipulated as follows:

Enjoy 100% of medical examination and treatment costs at commune level and the cost for one medical examination and treatment is lower than 15% of the basic monthly salary.

100% of medical examination and treatment costs will be paid when the patient has participated in health insurance for 5 consecutive years or more and the amount of co-payment for medical examination and treatment costs in the year is greater than 6 months of basic salary (only applicable to cases of medical examination and treatment at the right medical facility).

80% of medical examination and treatment costs will be paid in the correct line for the remaining cases.