Clause 6, Article 5 of the Law on Social Insurance 2024 (effective from July 1, 2025) stipulates as follows:
Social insurance principles
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3. People who have both compulsory and voluntary social insurance payment periods are entitled to monthly allowances, retirement benefits and death benefits based on the period of compulsory social insurance payment and voluntary social insurance payment.
The period of social insurance payment that has been calculated for one-time social insurance benefits will not be counted in the period used as the basis for calculating social insurance benefits.
4. The social insurance fund is managed centrally, uniformly, publicly and transparently; used for the right purposes and accounted for independently according to the component funds, groups of subjects implementing the salary regime prescribed by the State and the salary regime decided by the employer.
5. The implementation of social insurance must be simple, easy, convenient, ensuring timely and full benefits for participants and beneficiaries of social insurance regimes.
6. The minimum period of social insurance payment to determine the conditions for receiving monthly pension and death benefits is calculated by year, one year must be counted as 12 months. In case of calculating the benefit level, the period of social insurance payment with odd months from 1 month to 6 months is counted as half a year, from 7 months to 11 months is counted as one year.
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Accordingly, the minimum mandatory social insurance payment period to determine the eligibility for monthly pension is calculated by year, one year must be counted as 12 months.
The case of calculating pension benefits for people with odd months of compulsory social insurance payment period is as follows:
- From 1 month to 6 months is considered half a year;
- From 7 months to 11 months is counted as one year.
