Draft plan on social insurance reform supported by PCC members
Updated : Friday, May 11, 2018 8:35 AM (GMT+0700)

Thedraft plan on reforming social insurance policy received much support frommembers of the 12th-tenure Party Central Committee (PCC) when it wasdiscussed at the fourth working day of the committee’s 7th plenarysession on May 10.

Vice Chairman of the National Assembly Phung Quoc Hien speaks at the meeting on May 10
- Photo: VNA

Most of the opinions raisedat the meeting stressed the necessity of reform so that the social insurancepolicy will truly be a pillar of the social security system. They shared theview that social insurance is an important policy of the Party and the State asit is directly related to people’s lives and significant to realising socialprogress and equality and ensuring political stability and social order andsafety.

Reforming the socialinsurance policy is a critical issue and needs thorough consideration so thatit will match the salary policy and other social policies, they said, addingthat it requires the high political resolve of the political system and allpeople.

The draft plan clarifiesgeneral and concrete objectives of the social insurance policy reform in threeperiods: by 2021, by 2025 and by 2030. Many participants agreed on theobjectives, tasks and solutions of the reform set in the draft. They were alsounanimous that the Party Central Committee will issue a resolution on thismatter.

Vice Chairman of theNational Assembly Phung Quoc Hien said the draft plan aims to create a diverseand multi-level social insurance system with a focus placed on increasingcompulsory social insurance so as to achieve insurance coverage for all people.

At present, only 13.9million out of 53 million employees have joined insurance. Among them, a smallnumber of 200,000 people are covered by voluntary insurance, he noted.

At the meeting, many membersof the Party Central Committee talked about adjustments to the retirement age,which is an issue attracting great public interest.

Minister of Labour, WarInvalids and Social Affairs Dao Ngoc Dung said this is a common trend, addingthat Vietnam is currently in a period of “golden population structure”, but itwill start entering the population aging period in 2026 and be one of thecountries with the fastest speed of population aging in the world.

If Vietnam does not havepolitical determination, vision and swift actions, this burden will be passedto future generations, he added.

The draft plan on socialpolicy reform is one of the three plans being discussed at the 7th plenarysession of the 12th-tenure Party Central Committee. The two othersare on building the cadre contingent and reforming the salary policy.


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