Eligible for early retirement of 5 years and 10 years
Pursuant to Clause 1, Article 64 of the Law on Social Insurance 2024 (effective from July 1, 2025), the conditions for pension benefits are as follows:
- In case of being at least 5 years younger than the prescribed age in 2025. Accordingly, female workers are allowed to retire when they are 51 years and 8 months old, male workers are allowed to retire when they are 56 years and 3 months old when they meet the following conditions:
With a total period of compulsory social insurance payment of 15 years or more when: Working in a heavy, toxic, dangerous or especially heavy, toxic, dangerous profession/work on the list of heavy, toxic, dangerous or especially heavy, toxic, dangerous jobs or; working in an area with special difficulties, including working time in a place with a regional allowance coefficient of 0.7 or higher before January 1, 2021.
- In case of being 10 years younger than the prescribed age when eligible for compulsory social insurance payment for 15 years or more: Having worked for coal mining in mines for 15 years or more.
Early retirement due to reduced working capacity under 6 months
Clause 3, Article 66 of the Law on Social Insurance 2024 stipulates the monthly pension as follows:
- The monthly pension of eligible subjects specified in Article 65 of this Law is calculated as prescribed in Clause 1, Article 66 of the Law on Social Insurance 2024, then for each year of early retirement, it will be reduced by 2%.
- In case the early retirement period is less than 6 months, the pension percentage will not be reduced, from 6 months to less than 12 months, it will be reduced by 1%.
Accordingly, employees who are in a case of reduced working capacity as prescribed in Article 65 of the Law on Social Insurance 2024 are entitled to retire early but receive a pension at a lower level than those who are eligible for pension under normal conditions.
For each year of early retirement, the pension is reduced by 2%. However, in case of early retirement of less than 6 months, the pension percentage will not be reduced.
Early retirement due to organizational arrangement
Pursuant to Clause 2, Article 7 of Decree 178/2024/ND-CP, regulations on early retirement policies for cadres, civil servants, public employees, and people working under labor contracts in agencies, organizations, units and armed forces due to the reorganization of the apparatus and administrative units at all levels are as follows:
In case of remaining aged from 2 years to 5 years to the retirement age prescribed in Decree 135/2020/ND-CP and having enough working time with compulsory social insurance contributions to receive pension according to the provisions of the law on social insurance, in addition to receiving pension benefits according to the provisions of the law on social insurance, they will also receive the following benefits:
- No deduction of pension rate due to early retirement;
- Receive a subsidy of 5 months of current salary for each year of early retirement compared to the prescribed retirement age;
- Receive a subsidy of 5 months of current salary for the first 20 years of work with compulsory social insurance contributions. From the 21st year onwards, for each year of work with compulsory social insurance contributions, a subsidy of 0.5 months of current salary will be granted.
