Before July 1
Before July 1, the support policy for the elderly was implemented according to Government Decree No. 20/2021/ND-CP, which stipulates social assistance policies for social welfare beneficiaries.
According to Article 5, Clause 5 of Decree No. 20/2021/ND-CP, there are four groups of elderly individuals eligible for monthly social subsidies.
Elderly individuals receiving monthly subsidies (Illustration: Tùng Nguyên).
The monthly social subsidy levels are specified in Article 6 of Decree No. 20/2021/ND-CP. The subsidy amounts for each group are calculated based on a standard social assistance level of 500,000 VND/month (as per Article 4, Clause 2 of Decree No. 20/2021/ND-CP, amended by Article 1, Clause 1 of Decree No. 76/2024/ND-CP).
Monthly subsidy levels for elderly individuals (Illustration: Tùng Nguyên).
From July 1 Onwards
Starting from July 1, the support policy for the elderly remains largely unchanged as per Decree No. 20/2021/ND-CP.
However, two additional groups of elderly individuals will be eligible for monthly subsidies under the Social Insurance Law of 2024. This new subsidy is called the social pension subsidy.
The first group consists of individuals aged 75 and above who do not receive a pension or monthly social insurance benefits and have submitted a request for the social pension subsidy.
The second group comprises individuals aged between 70 and 74 who belong to poor or near-poor households, do not receive a pension or monthly social insurance benefits, and have submitted a request for the social pension subsidy.
The Ministry of Labor, Invalids, and Social Affairs has also submitted a draft decree detailing and guiding the implementation of certain provisions of the Social Insurance Law regarding social pension subsidies.
According to this draft, the proposed monthly social pension subsidy amount is 500,000 VND.
Approximately 1.2 million elderly individuals will meet the eligibility criteria for the social pension subsidy starting July 1 (Illustration: Tiến Tuấn).
Once this decree is passed, the two groups of elderly individuals currently receiving monthly social subsidies at a rate of 500,000 VND/month under Decree No. 20/2021/ND-CP will transition to receiving the social pension subsidy.
According to the Ministry of Labor, Invalids, and Social Affairs, by the end of 2022, Vietnam had approximately 14.4 million individuals beyond retirement age (55 years and above for women, 60 years and above for men).
The total number of individuals receiving pensions and social insurance benefits currently stands at over 5.1 million, representing about 35% of the total population beyond retirement age.
Among these, 2.7 million individuals receive pensions, approximately 0.63 million receive monthly social insurance benefits, and more than 1.8 million receive elderly subsidies.
Thus, around 9.3 million individuals beyond retirement age (representing 65%) remain outside the coverage of the social insurance system, facing significant challenges and living dependently on their children.
It is estimated that an additional 1.2 million elderly individuals will meet the eligibility criteria for the social pension subsidy when this policy takes effect.
Therefore, with the implementation of this policy, many more elderly individuals will have a monthly income, bringing the country closer to its target of having 60% of individuals beyond retirement age receiving pensions, social insurance benefits, and social pension subsidies by 2030.
Source link: https://dantri.com.vn/an-sinh/muc-tro-cap-cho-nguoi-cao-tuoi-nam-2025-20250210145803030.htm
