This new content is formally regulated in the Insurance Law No. 58/2014/QH13 passed by the National Assembly on November 20, 2014. Accordingly, from 2016, male employees currently paying social insurance premiums whose wives give birth to children are entitled to a maternity leave of 5 working days; 7 working days, in case their wives undergo a surgical birth or give birth to children before 32 weeks of pregnancy and 10 working days, in case their wives give birth to twins; or additional 3 working days for each infant from the second; 14 working days, in case their wives give birth to twins or more infants and take childbirth operation.
Beside above contents, the Law also supplements some objects covered by compulsory social insurance including persons working under indefinite-term labor contracts, definite-term labor contracts, seasonal labor contracts or contracts for given jobs with a term of between full 3 months and under 12 months; Employees who are foreign citizens working in Vietnam with work permits or practice certificates or practice licenses granted by competent Vietnamese agencies. Besides, the Law also open the subjects including persons covered by voluntary social insurance are Vietnamese citizens aged full 15 years or older.
From 2016 to January 1, 2018, the monthly pension of employees who fully satisfy the conditions specified in Article 54 of this Law must equal 45% of the average monthly salary on which social insurance premiums are based as prescribed in Article 62 of this Law, corresponding to 15 years of social insurance premium payment, which shall be added with 2%, for men, or 3%, for women, for each additional year of social insurance premium payment, but must not exceed 75%. Since January 1, 2018, the monthly pension of employees who fully satisfy the conditions specified in Article 54 of this Law will equal 45% of the average monthly salary on which social insurance premiums are based as prescribed in Article 62 of this Law, and correspond to the following period of social insurance premium payment, for male employees who retire in 2018, 2019, 2020 and 2021 and since 2022, it is 16 years, 17 years, 18 years, 19 years and 20 years, respectively.
Source: luatvietnam.vn
