Since early this year, 4,568 laborers have registered for unemployment insurance (UI) in Hai Duong, up 38.5% over the same period in 2012. Of which, 3,419 people received decision on monthly UI, 655 people received decision on lump sum UI with the total payment of VND25,893 million, double the same period in 2012. Besides, 4,412 laborers throughout the province were counseled, recommended for jobs and apprentice allowances for 34 laborers were resolved. It was caused by increasing numbers of the unemployed and laborers aware of UI policies. The soaring payment was partly due to an increasing number of people entitled to insurance, and on the other hand, because many unemployed laborers were entitled to the six-month rate. VIET CUONG … [Read more...] about Unemployment insurance payment soars
Lump sum payment
NA approves lump sum social insurance payment
NA approves lump sum social insurance payment Minh Duc By Minh Duc - The Saigon Times Daily HANOI – National Assembly (NA) deputies on June 22 passed a resolution giving workers the option of a one-time lump-sum social insurance payment one year after their unemployment. Some 404 deputies, or 81.78%, approved the new measure which will come into force on January 1, 2016. Employees can choose to continue their insurance policy until their retirement so that they could receive monthly pensions as per the 2014 Law on Social Insurance. Workers who have paid insurance for less than 20 years can opt to get a lump-sum payment of about 150% of a month’s wage for each working year before 2014 and 200% of a month’s salary for each working year after 2014. The scheme is applicable to both compulsory and voluntary insurance buyers. Earlier, according to Article 60 in the revised law, which amended Article 55 of the 2006 Law on Social Insurance, the number of employees … [Read more...] about NA approves lump sum social insurance payment
Vietnamese legislature passes resolution to entitle workers to lump-sum social insurance payment
Most Vietnamese National Assembly (NA) deputies have voted for a resolution that modifies the law to give workers the option of a lump-sum social insurance payment one year after their employment ends, instead of having the fund suspended until their retirement. At a vote session held in Hanoi on Monday, 404, or nearly 82 percent, of the 419 NA deputies present voted "yes" for a resolution to amend Article 60 of the 2014 Law on Social Insurance to give laborers the said option. Specifically, most lawmakers agreed to the resolution on "implementing the policy to pay workers a lump-sum social insurance amount one year after their resignation," as stated in Item c, Clause 1, Article 55 of the 2006 Law on Insurance. This article had been amended by the Article 60 that faced strong responses from people, especially workers in several plants in Ho Chi Minh City and neighboring Binh Duong Province. Pursuant to the Article 60, the scope of employees eligible to receive a lump-sum … [Read more...] about Vietnamese legislature passes resolution to entitle workers to lump-sum social insurance payment
Surveillance photo flushes out forgetful California lottery winner
The belatedly crowned winner of a $23 million California lottery jackpot says she had stuffed the lucky ticket in her car and left it there forgotten for months, until a surveillance camera photo of the ticket's purchase surfaced on the Internet. … [Read more...] about Surveillance photo flushes out forgetful California lottery winner
Benefits increased for war veterans, relatives
Veterans receive monthlypensions at a ward people's committee in Hanoi War veterans and relatives of martyrs will receive higher pensions and benefits beginning next month, according to a new government decree. The basic monthly pension will increase 15 percent to VND 650,000 (US$39) which is the basic rate, and higher lump sum payments will accrue to those who qualify. Beneficiaries include veterans and revolutionaries who were engaged in the revolutionary struggle before January 1, 1945, from January 1, 1945 until August 18 of the year; surviving relatives of those who were martyred during the same period; labor heroes; Heroic Mothers; Heroes of the People’s Army of Viet Nam; Labor Heroes of the American War; and War Invalids. The pensions range from VND329,000 (US$20) to VND1,665,000 (US$100) per month. Relatives of army and labor heroes in the American War who lost their lives before 1995, and those who were bestowed the Heroic Mothers title posthumously will receive a … [Read more...] about Benefits increased for war veterans, relatives