(tonvanshellbuttons.com.vn) - From 01.06.2013, the Ministry of Labor, War Invalids and Social Affairs to pilot pension insurance Adding (BHHTBS) at a number of corporations and big business in 3-5 years.
According to calculations, if the employee (employee) contributions for 15 years and live 15 years after retirement, the money earned from additional retirement account is 5.56 million / month (for 15 years).
Ministry of Labor, War Invalids and Social Affairs, said after the pilot period, the policy will continue to improve and expand the scope of application for other types of businesses.
According to the Ministry of Labor, War Invalids and Social Affairs, the application of this program is necessary, because in recent years, the life expectancy of Vietnam, although increased, but due to working conditions hazardous to the age of retirement, health often loss or illness. Therefore, only the basic pension will be difficult to meet the needs of life.
As a leader of Social Insurance Department (Ministry of Labour, Invalids and Social Affairs), BHHTBS is the source to ensure the lives of workers reaching retirement age, to help them have a life of comfort in old age. This program is voluntary or mandatory social insurance mechanism for creating a fund from the contribution of the employee and the employer in the form of personal accounts, be preserved and accumulated through investment activities from the financial market.
Rights, workers reaching retirement age are entitled to a monthly salary drawn from this fund until the end of his life (besides the basic pension paid by the State). Employee contribution amount will be transferred to their personal account at the bank (chosen by the business owner) and will accumulate until retirement age, with premiums of 5-10% constant real income months but not more than 10 million.
Specifically, the employee will be moved to new business interests in the following cases: Enterprise terminate the labor contract requirements for redundancy, changing organizational structures. For the case of total and permanent disability will be entitled to a monthly retirement. Accordingly, the benefit level is determined: When you reach retirement age, in addition to the basic pension, the employee entitled to from additional pension account with a monthly benefit level is determined by the value of conservation area in your account divided by the 15 or 20 years.
Along with the mandatory basic pension, the goal of implementing BHHTBS to play an important role to ensure social security in old age for workers. At the same time generate additional financial resources to increase income to the employee in addition to pensions from the current basic pension system.