Schedule for payment of social insurance allowances in Vietnam in April 2024

Regarding this matter, LawNet would like to answer as follows:

1. Schedule for payment of social insurance allowances in Vietnam in April 2024

According to the announcement from the representative of Vietnam Post Corporation, the company will carry out the payment of social insurance allowances for April 2024 as follows:

- Vietnam Post will make the payment of social insurance allowances for April 2024 through ATM accounts immediately after receiving the list and funds from the Social Insurance Agency, at the latest on the next day.

- The payment period at local points in communes, wards, and towns will be from April 2nd to April 10th.

- The payment period at post office transaction points will be from April 11th to April 25th.

However, the specific payment schedule for each locality will be determined by Vietnam Post in coordination with the local Social Insurance Agency, in accordance with the specific circumstances of each area, but it should not be significantly later than the general regulations.

- In this payment round, Vietnam Post will make payments to nearly 3.4 million beneficiaries, for a total of nearly 18,000 trillion VND.

- Vietnam Post will coordinate with local authorities to disseminate information and make announcements through various media channels to ensure that beneficiaries are informed about the payment details.

Therefore, the schedule for the payment of social insurance allowances for the month of April 2024 will start from April 2nd, 2024, to April 10th, 2024, at local points in communes, wards, and towns. For post office transaction points, the payment period will start from April 11th, 2024, to April 25th, 2024. The payment will be made through ATM accounts by Vietnam Post.

2. What are the procedures for settlement and payment of monthly social insurance benefits in Vietnam?

According to the regulations in Clause 4, Article 7 of Decision 166/QD-BHXH in 2019, the procedures for settlement and payment of monthly social insurance benefits are as follows:

- Responsibilities of the Financial Planning Department

+ Receive the C72a-HD List from the Social Insurance Regime Department; Receive the C12-TS Notification from the Revenue Management Department (issued with Decision 595/QD-BHXH); Receive the Request for Payment Results from the TN-Payment Department according to Form 3-CBH; Transfer the C72a-HD List to the Provincial Post Office, the Financial Planning Department.

+ Pay to the beneficiaries: Based on the request form 3-CBH, cross-check with the data being managed to immediately pay to the beneficiaries from the deceased but still have months of unpaid pension and social insurance benefits.

+ Transfer funds to the Provincial Post Office.

++ Before 04 days according to the payment schedule, make an advance payment with the amount settled from the previous month.

++ On the 1st day of each month, cross-check and offset the amount of social insurance paid to the provincial post office in the previous month (if any) on the C74a-HD Payment Sheet with the C72a-HD List to transfer the remaining funds.

++ Prepare a Notification according to Form 1-CBH to inform the district social insurance about the amount of funds paid to the beneficiaries in the district, which is transferred by the provincial social insurance to the provincial post office.

+ Organize the monthly payment of pensions and social insurance benefits to the beneficiaries through the Postal System according to the signed Contract.

++ Payment at payment points: From the 2nd to the 10th day of the month, organize payment for at least 6 hours per day at all payment points; only finish payment before the 10th day for points that have completed payment for the number of beneficiaries according to the list sent by the social insurance agency.

++ Payment at the district post office transaction point: From the 11th day of the month, continue payment at the payment points, which are the transaction points of the post office, until the 25th day of the month.

+ Prepare the C75-HD List, enter it into the detailed record to track the recovery of each subject managed, and consolidate the recovery list of the whole province according to regulations.

+ Pay the expenses for the provincial post office after receiving the financial invoice.

+ Based on the C12-TS Notification to track and record the amount of health insurance paid according to the decentralization.

+ Monthly, prepare a summary report on the monthly social insurance regime payments according to Form 4-CBH, managed and consolidated by the provincial social insurance according to regulations.

- Responsibilities of the Financial Planning Department.

+ Pay to the beneficiaries: In case the beneficiary has passed away but still has unpaid months: Make the payment to the beneficiaries no later than the next working day after receiving the request form 3-CBH.

+ Carry out the settlement of pension and social insurance benefits payments through the postal system according to the signed contract.

++ Settlement time: Within 02 days (the 26th and 27th of each month), immediately after completing the payment of pensions and social insurance benefits to the beneficiaries.

++ Instruct the post office to store the payment list through personal accounts, the cash payment list, and the receipt form C95-HD with the signature of the beneficiary, as prescribed by law; prepare the C74a-HD Payment Sheet to send to the social insurance agency.

+++ Carry out the cross-check, inspection, and approval of the amount paid by the post office in the month on the C74a-HD Payment Sheet, send: 01 copy to the district post office, 01 copy to the Financial Planning Department.

+++ Develop a plan, periodically organize inspections, cross-checks of the amount to be paid, paid, and unpaid between the documents kept at the post office and the settlement records sent by the post office to the social insurance agency.

++ The remaining amount that the post office has not fully paid in the month will not be transferred back to the social insurance agency but will be included in the advance payment for the following month. Annually, carry out the cross-check and confirmation of the amount received, the amount paid, and the amount advanced but not paid until the end of December on the B- Financial situation on the C74a-HD Payment Sheet.

++ Based on the C12-TS Notification to record the amount of health insurance paid according to the decentralization.

+ Monthly, based on the data on the system, the recovery decisions, and the incorrectly paid amount, prepare the C75-HD List, enter it into the detailed record to track the recovery of each subject according to regulations.

List of Forms:

C72a-HD List: Download

C12-TS Notification: Download

Form 3-CBH (Request form 3-CBH): Download

Form C74a-HD: Download

Form 1-CBH: Download

C75-HD List: Download

Form 4-CBH: Download

Form C95-HD: Download

Therefore, the above process aims to tightly manage and synchronize all the tasks of monthly social insurance payments to ensure that the rights of the beneficiaries are implemented correctly and sufficiently according to the policies of the law.