Two months' pension will be paid in lump sum right before Lunar New Year

Vietnam Social Security has just sent an official dispatch to Vietnam Post Corporation and Social Security of provinces and centrally-run cities regarding the payment of pensions and social insurance benefits for January and February 2024.

Accordingly, to facilitate pensioners and social insurance beneficiaries to enjoy the traditional Tet holiday, Vietnam Social Security will provide funds to pay pensions and social insurance benefits for January and February 2024 to Social Security of provinces and cities, to pay to beneficiaries in the same payment period of January 2024, including beneficiaries receiving in cash and receiving through personal accounts.

Vietnam Social Security requires that local Social Security take the lead and coordinate with the provincial Post Office to develop a payment plan to ensure full and timely payment of monthly pensions and social insurance benefits to beneficiaries.

At the same time, strengthen inspection and supervision of the payment process to beneficiaries, coordinate, resolve and handle any arising issues, and promptly report any problems during the implementation process.

Along with that, local Social Insurance also coordinates with central and local news agencies, newspapers, post offices, banks, job placement centers, etc. to promote and encourage beneficiaries to receive social insurance and unemployment benefits through personal accounts so that beneficiaries can receive benefits quickly and conveniently.

Vietnam Post Corporation directs its affiliated units to coordinate with the Social Insurance agency to develop a plan to pay monthly pensions and social insurance benefits for January and February 2024 in the January 2024 payment period.

Note, create the most favorable conditions for beneficiaries during the New Year and Lunar New Year; organize payments at home for beneficiaries who are old, weak, lonely, sick, or infirm and unable to come to receive.

Thus, more than 3.3 million people will receive monthly pensions and social insurance benefits for January and February 2024 before the Lunar New Year through flexible payment methods such as: cash payment at payment points; payment at home; payment via personal accounts.

Continuously in recent years, Vietnam Social Security has made lump sum payments of pensions and monthly social insurance benefits for January and February in the same payment period for January at the beginning of each year, before the Lunar New Year. This concern of the industry aims to ensure full and timely benefits for beneficiaries, helping beneficiaries to have more joy on the occasion of Tet and spring.

Vietnam Social Security is coordinating with Vietnam Post to implement monthly pension and social insurance benefits payments in two forms: via bank accounts (ATM); receiving cash at payment points.

According to statistics from the Vietnam Social Security, up to now, nationwide, about 64% of beneficiaries receive social insurance and unemployment benefits through personal accounts in urban areas, an increase of 3% compared to 2022, exceeding 4% of the target assigned in Decision No. 1813/QD-TTg of the Prime Minister.