VSS to provide fastest support for unemployment fund beneficiaries
The Vietnam Social Security (VSS) will exert every effort to provide the fastest and most convenient support for pandemic-hit employees and employers who are beneficiaries from the Government’s new support package sourced from the unemployment insurance fund, VSS Deputy Director General Le Hung Son.
Son affirmed that this support package shows the Party and State's attention to the lives of workers who are facing difficulties due to the COVID-19 pandemic and indicates the humanity of unemployment insurance policy.
According to Son, workers who benefit from this support packages are those who are covered by unemployment insurance as of September 30, 2021, excluding employees in State agencies, armed forces, political organisations, socio-political organisations, and non-productive public agencies which are paid by the State budget.
They also include workers who have stopped paying unemployment insurance premiums due to the termination of their labour contracts or working contracts between January 1, 2020 and September 30, 2021, and have unemployment insurance contribution period reserved in accordance with legal regulations on employment, excluding retirees who receive monthly pensions.
The aid package, worth about VND30 trillion (US$1.31 billion) sourced from the unemployment insurance fund, will be delivered from October 1 and completed by December 31 at the latest.
Accordingly, nearly 13 million workers out of about 15 million people currently participating in unemployment insurance and 386,000 employers are entitled to the support policy.
Those employers are entitled to a reduction in unemployment insurance contributions from 1 percent to zero percent of the monthly salary fund for the workers covered by unemployment insurance. The reduction will last for 12 months, from October 1, 2021 through September 30, 2022.
