Accordingly, people who retire early are entitled to a one-time pension for the early retirement period and are entitled to an early retirement policy based on the working time with compulsory social insurance (SI) contributions and the number of years of early retirement.
This is the proposal of the Ministry of Home Affairs in the draft Decree on policies and regimes for cadres, civil servants, public employees and workers in the implementation of organizational restructuring of the political system.
This draft has just been signed by Minister of Home Affairs Pham Thi Thanh Tra and submitted to the Government.
Accordingly, the early retirement policy is divided into 5 cases:
In case there are still 2 to 5 years left until retirement age and have enough time to pay compulsory social insurance or more to receive pension, in addition to receiving pension benefits according to regulations, the pension rate will not be deducted due to early retirement.
In addition, 5 months of current salary will be subsidized for each year of early retirement; 5 months of current salary will be subsidized for the first 20 years of work with mandatory social insurance contributions.
From the 21st year onwards, for each year of work with mandatory social insurance contributions, a subsidy of 0.5 months of current salary will be provided.
In case of having more than 5 years to 10 years of retirement age and having enough time to pay compulsory social insurance or more to receive pension, in addition to receiving pension benefits according to regulations, the pension rate will not be deducted due to early retirement.
At the same time, receive a subsidy of 4 months of current salary for each year of early retirement; receive a subsidy of 5 months of current salary for the first 20 years of work with mandatory social insurance contributions.
From the 21st year onwards, for each year of work with mandatory social insurance contributions, a subsidy of 0.5 months of current salary will be provided.
In case of having 2 to 5 years left until retirement age and having enough time to pay compulsory social insurance or more to receive pension according to regulations, including 15 years or more working in arduous, toxic, dangerous or especially arduous, toxic, dangerous occupations or jobs, or 15 years or more working in areas with particularly difficult socio-economic conditions (on the list issued by the Ministry of Labor - Invalids and Social Affairs), including working time in places with regional allowance coefficient of 0.7 or more before January 1, 2021, in addition to enjoying the pension regime according to regulations, they are also entitled to other regimes;
No deduction from pension rate due to early retirement; 5 months of current salary subsidy for each year of early retirement; 5 months of current salary subsidy for the first 20 years of work with compulsory social insurance contributions.
From the 21st year onwards, for each year of work with mandatory social insurance contributions, a subsidy of 0.5 months of current salary will be provided.
In case of having less than 2 years left until retirement age and having enough time to pay compulsory social insurance to receive pension according to regulations, they will receive pension according to regulations and will not have their pension rate deducted due to early retirement.
In case there are less than 2 years left until retirement age and have enough compulsory social insurance time or more to receive pension according to regulations, including 15 years or more working in heavy, toxic, dangerous or especially heavy, toxic, dangerous occupations or jobs, or 15 years or more working in areas with especially difficult socio-economic conditions, including working time in areas with regional allowance coefficient of 0.7 or more before January 1, 2021, they will receive pension according to regulations and will not have their pension rate deducted due to early retirement.
