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Legal Update | Law on Social Insurance No. 41/2024/QH15 | November 2024
Key points of focus under this Update:
Adjustment and expansion of subjects covered by compulsory social insurance
Enterprises are no longer required to periodically publicly disclose information on social insurance premiums
Shortening timeframe for issuing the first social insurance book
Changes to the minimum and maximum salary levels used as the basis for compulsory social insurance premiums
Changes to the contribution and the entitlement under social insurance regime
Specification of measures for addressing late payment/evasion of compulsory social insurance and unemployment insurance
New policy on social retirement benefits
Shortening the social insurance contribution period to qualify for pension benefits
Adjustment of one-time allowance upon retirement
Updates on lump-sum payment for social insurance allowances