According to regulations, individual business owners will pay compulsory social insurance at 25% of the salary they choose as the basis for payment. The lowest contribution is 585,000 VND/month and can be paid monthly, every 3 months or every 6 months depending on conditions. In the immediate future, from July 1, 2025, compulsory social insurance will be implemented for business owners who register to pay taxes according to the declaration method. After 2 more years, 100% of business owners must participate in compulsory social insurance.
Also from July 1, voluntary social insurance participants will be entitled to additional maternity benefits, in addition to the existing retirement and death benefits. In particular, the regulation reduces the number of years of contribution from 20 to 15 years to receive pension, helping many late social insurance participants to still be able to enjoy the State's social security policy.
The changes to the Social Insurance Law this time help workers to be guaranteed pensions to stabilize their lives and enjoy health insurance policies to take care of their health when they retire, contributing to improving the quality of life for the whole society.
Source: https://quangngaitv.vn/luat-bhxh-nam-2024-nhieu-thay-doi-quan-trong-den-nguoi-lao-dong-6504771.html
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