The Ministry of Labour, War Invalids, and Social Affairs is proposing to lower the minimum number of years for paying social insurance from 20 to 15, making it easier for workers to receive a pension. VNA/VNS Photo

HÀ NỘI — Employees participating in social insurance for 15 years or more will be entitled to a pension, according to a new proposal from the Ministry of Labour, War Invalids and Social Affairs (MoLISA).

The proposal, part of the draft revised Law on Social Insurance, looks to reduce the minimum number of years of social insurance payment from 20 to allow elderly employees with a lower number of years participating in social insurance to enjoy benefits.

Workers in particularly arduous or hazardous jobs are entitled to retirement 5-10 years earlier.

Ministries and sectors are weighing up the proposal.

According to the current policy, people with social insurance are only eligible to receive a pension after 20 years of paying into the scheme.

Lê Đình Quảng, deputy head of the Laws and Policy Department under the Việt Nam General Confederation of Labour, said this condition caused difficulties for people who have a low number of years of payment.

Resolution 28 of the Central Government on reforming social insurance policies looks to amend the conditions for pension entitlement by gradually reducing the number of years of social insurance payment from 20 years to 15, and eventually ten years.

Reducing the number of years of social insurance payments is one of the solutions to ensure an increase in the number of people participating in the social insurance system.

People would enjoy higher benefits from more years of payment, Quảng added. — VNS