Clause 6, Article 5 of the Law on Social Insurance 2024 stipulates as follows:
Principles of social insurance
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6. The minimum period of social insurance payment to determine the conditions for receiving monthly pension and death benefits is calculated annually, a year must be calculated for 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 a year.
7. The settlement of social insurance regimes is determined according to the provisions of the law on social insurance at the time of receiving social insurance regimes.
Thus, the minimum period of social insurance payment to determine pension conditions will be calculated annually, a year must be calculated for 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 a year.
