VIE VSS Monthly Survivor Benefits

Published on: Feb 9, 2025

On Feb. 5, VIE VSS explained implementation of survivor benefits.

  • VIE VSS said monthly survivor benefits for dependents of deceased workers will be implemented in 2 phases, before and after Jul. 1, in line with Law on social insurance.
  • Follows VIE VSS Jan. 2025 proposed monthly social pension allowance, see #240703.
  • Also follows VIE VSS Jun. 2024 re amended Law on social insurance, see #213708.
  • Before Jul. 1, 2025
  • Monthly survivor benefits will follow the 2014 Law on social insurance, which includes funeral allowances, monthly survivor benefits, and lump-sum survivor benefits.
  • Only dependents who meet legal criteria outlined in 2014 Law on social insurance are eligible for monthly survivor benefits; the monthly benefit amount is 50% of the base salary per dependent or 70% if the dependent has no direct caregiver.
  • Base salary applied in this period is VND 2.34mn; maximum of four dependents.
  • If multiple workers from same family pass away, benefits double for their dependents.
  • After Jul. 1, 2025
  • Monthly survivor benefits will follow the 2024 Law on social insurance; the key change is the shift in benefit calculation method, from base salary to reference amount.
  • Reference amount must not be lower than the previous base salary; monthly survivor benefits from Jul. 1, 2025 onward will be equal to or higher than those before Jul. 1.
Regulators
VIE VSS
Entity Types
Ins
Reference
PR 2/5/2025; ESG
Functions
Compliance; Financial; HR; Legal; Social; Treasury
Countries
Vietnam
Category
State
N/A
Products
Insurance; Insurance-Life
Rule Type
Final
Regions
AP
Rule Date
Feb 5, 2025
Effective Date
Jul 1, 2025
Rule ID
242621
Linked to
Reg. Last Update
Feb 5, 2025
Report Section
International