Decree Amending Articles 34 and 38 of the Social Security Law
关于修订《社会保险法》第34条和第38条的法令
ລັດຖະບັນຍັດວ່າດ້ວຍ ການປັບປຸງ ມາດຕາ 34 ແລະ ມາດຕາ 38 ຂອງກົດໝາຍວ່າດ້ວຍ ການປະກັນສັງຄົມ
Summary
This decree adjusts the conditions for pension eligibility and the calculation method of lump-sum benefits in Laos, focusing on detailing service years, age requirements, and benefit calculation formulas.
Articles
Article ມາດຕາ 1
Article 2 Amendment of Certain Articles of the Law on Social Security
The amendment of the content of certain articles of the Law on Social Security is as follows:
1 Article 34 Conditions for Receiving Pension
Persons receiving pension shall meet the following conditions:
1.1 Males and females must have twenty-five years of service or more and have the following ages: fifty-seven to sixty years for males, fifty-five to sixty years for females. For those with twenty-three years of service or more but less than twenty-five years, they may receive a pension, but the pension percentage shall be reduced by one percent (1%) for each year of service reduced;
For the age and years of service of military personnel and police, the provisions of the Law on Officers of the Lao People's Army and the Law on the People's Security Forces shall apply.
1.2 Participated in the revolution before 1975, lost labor capacity of type one to four, worked with toxic substances, chemicals, and poisons hazardous to health for five years or more as certified by medical authorities, have the age of fifty-five years or more for males, fifty years or more for females, and have twenty years of service or more, and shall be classified in the third phase of pension recipients;
1.3 Worked under the old regime before 1975, the years of service shall be calculated as three years equivalent to one year of service, and shall be classified in the second phase;
1.4 Have a valid pension certificate issued by the relevant sector.
2 Article 88 Calculation of Lump Sum Allowance
Persons who do not meet the conditions for receiving a pension shall receive a lump sum allowance, calculated as eighty-five percent (85%) of the last month's insurance salary multiplied by one and a half months and multiplied by the number of years of service of the person concerned.
Article ມາດຕາ 2
Article 2 Replacement of Content of Certain Articles of the Law
This decree replaces the content of Article 34 and Article 38 of the Law on Social Security, No. 54/NA, dated 27 June 2018.
Article ມາດຕາ 3
Article 3 Implementation
The Government of the Lao People's Democratic Republic shall organize the implementation of this law.
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