Discussion on Multi-Tiered Pension Insurance and Old Age Benefit in Vietnam: Overview Study and Policy Recommendations
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 05
Abstract
Ensuring income security for old age for workers is considered the main goal of any pension system in the world. In the context of rapid population aging, building and implementing a multi-tiered retirement system to ensure old-age benefits for all elderly people is an inevitable development trend, bringing about universal social security. This study focuses on analyzing and clarifying arguments about old-age benefits, multi-tiered pension insurance, and related issues. Based on the results of an overview, analysis, and comparison between the current retirement insurance and old-age benefits in Vietnam and the multi- tiered pension insurance models in the world, the authors propose some policy suggestions to build and implement a multi-tiered pension insurance system associated with the current context of the aging population in Vietnam.
Authors and Affiliations
Thi Thu Ha Bui, Minh Tu Pham, Ngoc Ha Tran
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