According to Clause 1, Article 23 of the Law on Social Insurance 2024, effective from July 1, 2025, stipulates:
Regime for employees who are not eligible for pension and are not old enough to receive social pension benefits:
1. Vietnamese citizens who are old enough to retire and have paid social insurance but are not eligible for pension according to the provisions of law and are not eligible for social pension benefits according to the provisions of Article 21 of this Law, if they do not receive one-time social insurance and do not reserve it but have a request, will receive a monthly allowance from their own contributions according to the provisions of Clause 2 of this Article.
Accordingly, Vietnamese citizens who are old enough to retire and have paid social insurance but are not eligible for pension and are not eligible for social pension benefits if they do not receive one-time social insurance and do not reserve it but have a request will receive a monthly allowance from their own contributions.
Conditions for employees to receive monthly allowances according to Decree 135/2020/ND-CP are as follows:
Vietnamese citizens who are of retirement age (61 years and 3 months for men, 56 years and 8 months for women) have paid social insurance but are not eligible for pension;
Not eligible for social pension benefits. That is, from the age of 75 onwards; Not receiving monthly pension or social insurance benefits, except in other cases as prescribed by the Government; Having a written request to receive social pension benefits;
No one-time social insurance payment and no reservation; When required:
Receiving monthly allowances from their own contributions according to the period of enjoyment, the monthly allowance level is determined based on the payment period and the basis for social insurance payment of the employee.
