An overview of the function (Photo: VNA) Hanoi (VNA) – Strengthening inspectionsover social insurance funds is essential given the hike in their managementexpenses in 2016 and 2017, heard the ongoing 24th session of the NationalAssembly Standing Committee in Hanoi on May 15.
Lawmakers held that the management cost forsocial insurance funds was higher than that proposed by the Government inReport No.480/BC-CP dated October 9, 2015 for the 2016-2018 period.
Specifically, the management cost rose 6.2percent to 612 billion VND or 26.7 million USD in 2016 and 13 percent to 1.38trillion VND or 60.3 million USD in 2017.
The figure is estimated to increase 21 percentto over 2.4 trillion VND (104.8 million USD) in 2018.
Legislators asked the Government to pay moreattention to ensuring the effective use of management expenses and encouragingmore people to join social insurance, health insurance and unemploymentinsurance annually.
They agreed with the Government’s proposal ofkeeping the social insurance and unemployment insurance management spendingrates at 2.15 percent in 2019, 2.0 percent in 2020, and 1.85 percent in 2021.
Deputies recommended reducing expenditure incase of failure to meet the estimates.
Vice Chairwoman of the National Assembly TongThi Phong urged relevant insurance agencies to increase communication campaignson the implementation of social, unemployment and health insurance policies inaddition to improving the management of insurance funds.
During the function, lawmakers reviewed theimplementation of Resolution No.1083/2015/UBTVQH13 issued by the NationalAssembly Standing Committee in 2015 on the management cost of social andunemployment insurance in 2016-2018 and the transfer of State budget to socialinsurance funds.-VNA
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