JEFMS Journal

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.

KEYWORDS:

multi-tiered pension insurance, old-age benefit, pension, social pension

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