Promote payment of pensions and social insurance benefits through accounts

Implementing the Government's policy of cashless payment, recently, Phu Tho Town Social Insurance (SI) has coordinated with relevant units to deploy many suitable solutions to promote the payment of pensions and social insurance benefits via bank accounts.

Bank staff guide town residents to open accounts.

With this method, monthly pensioners and social insurance beneficiaries do not need to go to the centralized location to receive money and sign the payment list but are still guaranteed timely payment. For employees receiving sick leave, maternity leave, convalescence, and health recovery benefits, the payment method via personal ATM cards aims to limit the situation where employers are slow to pay short-term benefits to employees. Thereby ensuring that participants receive full, fast, accurate, and timely benefits. For the payment agency, the implementation of this method ensures the goal of cash safety during transportation and storage, avoiding errors, reducing pressure and time in payment organization and intermediary steps through the employer.

To encourage people to receive pensions and social insurance and unemployment insurance benefits through bank accounts, the Social Insurance Agency in collaboration with a number of local banks sent staff directly to pension and benefit receiving locations to encourage people to open accounts on the spot, completely free of charge.

Currently, the whole town has a total of nearly 7,000 people receiving pensions and social insurance benefits, the number of people receiving payments through accounts is over 1,400 people, accounting for nearly 30%. In the coming time, the town's Social Insurance will continue to promote propaganda in many forms; closely coordinate with media agencies to widely propagate the benefits of paying pensions and social insurance benefits through personal accounts. Thereby, contributing to raising awareness of cadres, party members and people in the area about the role and importance of non-cash payments, effectively implementing Directive 21/CT-TTg, dated November 25, 2022 of the Prime Minister on promoting digital transformation in non-cash social security payments.

Thanh Loan

Source: https://baophutho.vn/thuc-day-chi-tra-luong-huu-va-tro-cap-bao-hiem-xa-hoi-qua-tai-khoan-213042.htm