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The Government Office has just issued a document on the early implementation of Decree No. 42/2023/ND-CP on adjusting pensions, social insurance benefits and monthly allowances.
Payment of pensions and social insurance benefits in Hai Duong (documentary photo)
The dispatch clearly stated that, regarding the implementation of Decree No. 42/2023/ND-CP dated June 29, 2023 of the Government on adjusting pensions, social insurance benefits and monthly allowances, Deputy Prime Minister Tran Hong Ha requested the Ministry of Labor - Invalids and Social Affairs and the Vietnam Social Security, according to their assigned functions and tasks, to urgently provide guidance for the adjustment of pensions, social insurance benefits and monthly allowances immediately after Decree No. 42/2023/ND-CP takes effect; ensuring that beneficiaries are entitled to the policies prescribed in the Decree as soon as possible.
On June 29, 2023, the Government issued Decree No. 42/2023/ND-CP adjusting pensions, social insurance benefits and monthly allowances. According to the Decree, from July 1, 2023, the adjustments are as follows:
Increase by 12.5% on pension, social insurance benefits and monthly allowances of June 2023 for subjects regulated under Decree No. 108/2021/ND-CP adjusting pension, social insurance benefits and monthly allowances.
Increase by 20.8% on pension, social insurance benefits and monthly allowances of June 2023 for subjects not yet adjusted under Decree No. 108/2021/ND-CP adjusting pension, social insurance benefits and monthly allowances.
From July 1, 2023, people who are receiving pensions, social insurance benefits, and monthly benefits according to regulations, after adjustment, have a benefit level lower than 3 million VND/month, will be adjusted to increase as follows:
Increase by 300,000 VND/person/month for those with a benefit level below 2.7 million VND/person/month; increase by 3 million VND/person/month for those with a benefit level from 2.7 million VND/person/month to under 3 million VND/person/month.
The pension, social insurance allowance, and monthly allowance after adjustment according to this regulation shall be the basis for calculating the adjustment of pension, social insurance allowance, and monthly allowance in subsequent adjustments.
Decree No. 42/2023/ND-CP takes effect from August 14, 2023. The provisions of this Decree shall be implemented from July 1, 2023.
The Ministry of Labor, War Invalids and Social Affairs has issued Circular 06/2023/TT-BLDTBXH guiding the adjustment of pensions, social insurance benefits and monthly allowances.
According to VNA
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