How can employees receive a pension?
Currently, the social insurance company pays out the pensions through one of two main methods:
– Pay cash to the employee or the employee’s authorized representative
Depending on the registered location, the employee or the employee’s nominee can receive the pension directly from the Social Insurance Bureau or Postal System to sign a contract with the Social Insurance Bureau to pay the pension and social insurance benefit and administration of the beneficiaries.
– Pay pensions through employee personal accounts at banks
The pension is credited to the account registered by the employee on a monthly basis. However, the social insurance company only accepts the official bank account of the retiree.
When registering an account number in the name of someone else, the social insurance company does not treat pension benefits in this way.
How to change the form of a pension receipt?
In addition to the traditional way of submitting documents to the social insurance agency, employees can now sit at home and perform this procedure easily on the VssID application or the Public Service Portal of Vietnam Social Insurance.
* Change the form of receiving pension online with the VssID application
Step 1: Log in to the VssID app with your social insurance code
In the Public service section, select Change the payment form or details of the beneficiary of the social insurance scheme
Step 2: Select the desired form of pension receipt and fill in all the details.
Articles marked with a red * are mandatory information
Step 3: After you have filled in correctly and filled in all the information, press Submit
The system sends a message containing the OTP code, the user enters the OTP code and pressConfirm to complete the change.
* Change the form of online pension receipt on the Public Service Portal of Vietnam Social Insurance
Step 1: Visit the website https://dichvucong.baohiemxahoi.gov.vn/#/index and log in with the social insurance code
Step 2: In the Profile declaration section, find the item “Recipients who receive Social Security benefits in cash are remitted to receive through a personal account and vice versa, or to change personal information”.
Step 3: Select the desired form of pension receipt and fill in all the details
Articles marked with a red * are mandatory information
Step 4: Enter the verification code and press To confirm.
The system sends an OTP code message, the user enters the OTP code and presses X to confirm to complete the change.
Source: CafeF
