Introduction
According to the draft Decree detailing and guiding the implementation of certain provisions of the 2024 Social Insurance Law, individuals who are 60 years old but have not contributed for at least 15 years may be eligible for monthly allowances if they do not meet the conditions for retirement benefits. This is an important policy aimed at ensuring social security for workers in special circumstances. Let’s delve into the details of these benefits and how the allowance amounts are calculated.
Main Content
Conditions for Receiving Monthly Allowances
To be eligible for monthly allowances, workers must meet the following criteria:
- Be Vietnamese citizens aged 60 or older.
- Have contributed to social insurance but not for at least 15 years.
- Not qualify for pension benefits or social pension assistance (between 70-75 years old).
- Not receive one-time social insurance benefits or retain their social insurance contribution period.
How will people over 60 who haven't contributed 15 years to social insurance receive benefits? – 1
Calculation of Time and Monthly Allowance Amounts
The duration of monthly allowances is determined based on the period of social insurance contributions and the average monthly salary used as the basis for contributions. The specific formula is as follows:
Ttt = (N + (Mbq / TChtxh)) × 12
Where:
- Ttt: Duration of monthly allowances (in months).
- N: Number of years of social insurance contributions. If the contribution period includes fractional months from 1 to 6 months, it is counted as half a year; from 7 to 11 months, it is counted as one year.
- Mbq: Average monthly salary used as the basis for social insurance contributions.
- TChtxh: Monthly social pension benefit amount.
If the calculated duration of monthly allowances exceeds the time until the individual becomes eligible for social pension benefits, the worker will receive a higher monthly allowance according to the following formula:
TCtt = (Ttt – Tdt) × TChtxh
Where:
- TCtt: Additional monthly allowance compared to the monthly social pension benefit.
- Ttt: Duration of monthly allowances calculated according to the formula specified in Clause 1 (in months).
- Tdt: Time from the month the worker submits the application to the month they become eligible for social pension benefits (in months).
- TChtxh: Monthly social pension benefit amount.
When calculating the monthly allowance, any fractional values are rounded up to the nearest whole number.
Additional Benefits
During the period of receiving monthly allowances, workers also enjoy the following additional benefits:
- Free medical insurance coverage.
- Funeral expenses upon death, similar to those provided under the pension scheme.
Application Process for Monthly Allowances
Workers who wish to apply for monthly allowances should follow these steps:
- Prepare the necessary documents, including the social insurance book, birth certificate, ID card, and household registration.
- Submit the application to the social insurance office where the worker previously contributed.
- Wait for the processing result from the social insurance office.
The application for monthly allowances should be submitted using the form provided by the social insurance office.
Conclusion
The monthly allowance policy for individuals over 60 who have not contributed for at least 15 years to social insurance is a crucial measure aimed at ensuring social security for workers in special circumstances. Understanding the conditions, calculation methods, and benefits will help workers proactively prepare their applications and submit them. We hope this article provides you with useful information to fully understand your rights.
If you have any further questions, please contact the nearest social insurance office for support.
References
- Social Insurance Law 2024.
- Draft Decree detailing and guiding the implementation of certain provisions of the Social Insurance Law 2024.
- https://dantri.com.vn/an-sinh/nguoi-tu-60-tuoi-chua-du-15-nam-dong-bao-hiem-xa-hoi-nhan-tro-cap-ra-sao-20250207163902785.htm
