New scheme targets social security for all
All Lao people, including general workers and farmers, who are not government officials or private sector members of the National Social Security Fund will be eligible for benefits under a new scheme.
The Fund has announced the establishment of the Voluntary Social Security Project For All to target people who are not already government or private members of the Fund, affording them access to pensions.
A representative of the Vientiane Provincial Unity Lao Development Bank, Mr Somsawat Vongsay, recently confirmed the details during a workshop on a pilot voluntary social security payment system.
“It is expected that the pilot project will get off the ground in Vientiane province this year and be a model for Laos,” he said.
Phetphoxay Sengpaseuth
