Resolution of the National Assembly Standing Committee Approving Amendments to Articles 34 and 38 of the Social Security Law
国会常务委员会关于批准《社会保险法》第34条和第38条内容修订的决议
ມະຕິຂອງຄະນະປະຈຳສະພາແຫ່ງຊາດ ກ່ຽວກັບການຮັບຮອງເອົາການປັບປຸງເນື້ອໃນມາດຕາ 34 ແລະ ມາດຕາ 38 ຂອງກົດໝາຍວ່າດ້ວຍ ການປະກັນສັງຄົມ
Summary
This resolution revises pension eligibility conditions, requiring over 25 years of service and specific age, and stipulating the calculation method for lump-sum benefits for those who do not meet the conditions.
Articles
Article ມາດຕາ 1
Article 1 Approve the adoption of the amendments to the content of Article 84 and Article 38 of the Law on Social Security:
1. Article 34 Conditions for receiving pension
Those who receive pension must meet the following conditions:
1.1 Males and females must have twenty-five years of service or more and have the age of 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 can receive pension but the pension percentage shall be reduced by one percent (1%) for each year of service reduction;
For the age and years of service of military and police, follow the Law on Officers of the Lao People's Army and the Law on People's Security Forces.
1.2 Joined the revolution before 1975, lost labor capacity type one to four, worked with poisons, chemicals and toxic substances 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 years of service from twenty years or more, shall be classified in the third phase pension recipient group;
1.3 Worked in the old regime before 1975, the years of service shall be calculated as three years equal to one year of service and shall be classified as the second phase;
1.4 Have a correct retirement certification from the relevant sector.
2. Article 38 Calculation of lump-sum allowance
Those who do not meet the conditions for receiving pension shall receive a lump-sum allowance, which is calculated as eighty-five percent (85%) of the last month's insurance contribution 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 This resolution shall enter into force from the date of its signature.
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