Just received pension and passed away, how to handle paid social insurance money?

Mrs. Nga’s father had just retired and received pension benefits for nearly 2 years when he became terminally ill and passed away. Ms. Nga wondered: My father has paid social insurance for more than 30 years, and now he has only received his pension for 2 years, which is so disadvantageous. Are relatives like me entitled to any benefits?” In this case, you have just received your pension for a few months and then you die.

According to Vietnam Social Insurance, people are receiving pensions through In their lifetime, the amount of social insurance they have paid will not be lost. It will be converted into benefits for the employee’s relatives. Specifically, the following 3 regimes are: funeral allowance, monthly death benefit or death benefit one time.

First, according to Article 66 of the 2014 Social Insurance Law, if an employee is receiving pension and dies, his or her relatives will receive a funeral allowance equal to 10 months of base salary. This allowance is currently 18 million VND.

Second, relatives of employees who are receiving pensions and die will be entitled to monthly death benefits in 4 cases.

Just received pension and passed away, how to handle paid social insurance money?

According to Article 68 of the Social Insurance Law 2014, the monthly death benefit for each relative of an employee who is receiving pension and dies is equal to 50% of the base salary; in case there is no relative. directly taking care of the child, the monthly death benefit is equal to 70% of the base salary.

Currently, the monthly death benefit for each relative is 900,000 VND/month in case the relative does not have a caregiver. For continued care, this allowance is 1,260,000 VND/month.

The number of relatives receiving monthly death allowance is no more than 4 people. Thus, the amount of money that the deceased employee’s relatives will receive The maximum monthly death benefit is 3,600,000 VND/month (if there are 4 relatives eligible to receive benefits) or 5,040,000 VND/month (if there are 4 relatives eligible to receive benefits and there is no person on duty). continue to take care of).

Third, in case the deceased relative of the retiree is not one of the 4 cases eligible for monthly survivor benefits, they will receive a lump-sum survivor benefit.

This one-time survivor benefit is calculated according to the time of pension enjoyment of the person who is receiving pension and dies.

If that person dies within the first 2 months of pension enjoyment, then The one-time benefit is equal to 48 months of the current pension.

For example, if the employee has only received the pension for 1 month but unfortunately passes away and the current pension is 5 million VND, the survivor benefit will be one month. The amount will be 240 million VND (48 months multiplied by 5 million VND/month).

If that person dies in the following months, for each additional month of pension, the benefit level will be reduced by half a month’s pension level. The lowest is equal to 3 months of current pension.

For example, if a retiree has received pension for 1 year (12 months) and passes away, the lump-sum death benefit is calculated using the following formula: 48 – ((12 – 2) x 05) = 43 months of pension.

If the employee’s pension at the time of death is 5 million VND, the lump-sum death benefit will be 215 million VND ( 43 months times 5 million VND/month).