Covid forces workers to quit social security

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A woman (L) submits files to exit the social insurance scheme and withdraw the accumulated premiums at a social insurance office in HCMC, November 20, 2021. Photo by VnExpress/An Phuong

 

The Vietnam Social Security has said it is "concerned" that Covid-19 has forced many people to exit the social insurance safety net.

 

In the first 10 months of this year more than 700,000 people registered to exit the social insurance scheme and withdraw the accumulated premiums they and their and employers had paid, 5.5 percent more than in the same period last year, the VSS said.

 

To be eligible for retirement pensions, employees need to pay the premium for at least 20 years.

 

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