Currently, Vietnam’s labor market is affected by the world’s economic and political situation. Due to financial pressure, the number of employees requesting to withdraw lump-sum social insurance allowance is increasing. Bi Law Firm will guide you on the one-time social insurance withdrawal procedure.
1. Subjects entitled to one-time social insurance benefits
According to the provisions of Article 60 of the Law on Social Insurance 2014, an employee who has participated in compulsory social insurance and requests to enjoy one-time social insurance in the following cases:
• Having reached the retirement age but have not yet paid full 20 years of social insurance payment, do not continue to participate in voluntary social insurance;
• Employees who have reached retirement age but have not paid social insurance for less than 20 years, or female employees who are full-time or part-time workers in communes, wards or townships participating in social insurance when they leave work but have not paid full 15 years of payment. Social insurance and not continuing to participate in voluntary social insurance;
• Employees participating in compulsory social insurance after one year of leave, and those participating in voluntary social insurance after one year do not continue to pay social insurance but not enough 20 years of paying social insurance premiums, upon request, they will receive one-time social insurance contributions.
• Going abroad to settle down;
• Persons suffering from one of life-threatening diseases such as cancer, polio, cirrhosis of the liver ascites, leprosy, severe tuberculosis, HIV infection that has progressed to AIDS and other diseases as prescribed by the Ministry of Health. ; people suffering from diseases and disabilities have a working capacity reduction of 81% or more and cannot control themselves or can’t perform activities to serve their personal daily living needs but need someone to monitor them, Full support and care are entitled to one-time social insurance benefits.
• In case the employee specified at the time of serving, demobilization or termination of work is not eligible for pension and does not continue to participate in voluntary social insurance.
2. Dossier for enjoyment of lump-sum social insurance allowance
1/ The social insurance book.
2/ The employee’s application for enjoyment of lump-sum social insurance allowance form No. 14-HSB.
3/ For persons who settle abroad, a copy of the competent agency’s written certification of renunciation of Vietnamese nationality, or a certified or notarized Vietnamese translation of one of the following papers:
a/ Passport issued by a foreign country;
b/ Visa issued by a competent foreign agency, certifying such country’s permission for entry for overseas residence;
c/ Paper certifying such person is carrying out procedures for naturalization in a foreign country; paper certifying residence or permanent residence card or residence card of a term of 5 years or more, issued by a competent foreign agency.
4/ In case of suffering from life-threatening diseases such as cancer, polio, cirrhosis of the liver ascites, leprosy, severe tuberculosis, HIV infection that has progressed to AIDS, a copy/summary of the patient’s profile is required. the judgment presents a state of non-self-service; if suffering from other diseases, it shall be replaced with a record of assessment of the decrease in occupational capacity of the Medical Adjustment Council showing the decrease in occupational capacity of 81% or more and unable to self-service.
5/ In case of payment of inspection fee, there must be an invoice and receipt for collection of assessment fee; a list of inspection contents of the medical assessment-implementing establishment.
6/ Personal declaration of time and area of military service with regional allowance, made according to form No. 04B-HBKV
3. Note:
• The employee submits the application directly at the district social insurance agency where he/she is residing. When he goes, bring his/her ID card and household registration book for comparison.
• Time limit for settlement: up to 05 working days from the date the social insurance agency receives the complete application as prescribed.
According to current regulations, employees will be able to withdraw social insurance once (100% of the insurance payment process) if required. However, in the long run, employees will suffer when not receiving pensions. If you still have questions about the one-time withdrawal of social insurance, please contact with Bi Law Firm for more detailed advice.