Tiếng ViệtSocial Insurance Law 2024 (No. 41/2024/QH15)
The Social Insurance Law 2024 (No. 41/2024/QH15) was enacted by the National Assembly of Vietnam on June 29, 2024, and is set to take effect on July 1, 2025. This law introduces significant reforms aimed at enhancing social security coverage and ensuring the sustainability of the social insurance system.
1. Basic Information
Title: Social Insurance Law 2024
Law No.: 41/2024/QH15
Date of Enactment: June 29, 2024
Effective Date: July 1, 2025
Status: To be effective
Replaces: Social Insurance Law 2014 (No. 58/2014/QH13
2. Scope of Regulation
The Social Insurance Law 2024 governs:
The rights and responsibilities of agencies, organizations, and individuals concerning social insurance.
The organization and implementation of social insurance, including mandatory and voluntary schemes.
Social pension allowances and supplementary retirement insurance.
Registration, collection, and management of social insurance contributions.
Social insurance funds and their management.
Complaints, denunciations, and handling of violations related to social insurance.
State management of social insurance.
3. Fundamental Principles
Key principles outlined in the Law include:
Building a multi-tiered social insurance system, encompassing social pension allowances, mandatory and voluntary social insurance, and supplementary retirement insurance.
Ensuring the rights and legitimate interests of participants and beneficiaries.
State support for voluntary social insurance participants.
Encouraging localities to provide additional support based on economic conditions.
Promoting digital transformation and modernizing the social insurance system.
4. Notable Updates and Provisions
4.1. Expansion of Coverage
The Law expands the scope of mandatory social insurance to include additional groups with stable employment and income, aiming for universal coverage.
4.2. Introduction of New Benefits
A new maternity benefit is introduced for voluntary social insurance participants, enhancing the attractiveness of the voluntary scheme.
4.3. State Support Mechanisms
The government is mandated to provide financial support for voluntary social insurance participants and to ensure the sustainability of the social insurance fund.
4.4. Digital Transformation
The Law emphasizes the development and integration of a national social insurance database, promoting digital transformation in social insurance administration.
4.5. Enhanced Enforcement and Compliance
Stricter penalties are established for violations such as evasion of contributions, misuse of funds, and fraudulent claims, ensuring compliance and integrity of the system.
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