Pursuant to Clause 1, Article 66 and Clause 1, Article 99 of the Law on Social Insurance 2024, the pension rates for male and female employees are as follows:
Thus, for female workers who are eligible for pension, the pension rate will be 45%, corresponding to 15 years of social insurance contributions.
For male workers who are eligible for pension, the pension rate will be 45%, corresponding to 20 years of social insurance contributions.
Both male and female workers, after reaching the pension rate of 45%, will receive an additional 2% for each additional year of contribution. Of which, male workers need to contribute for 35 years to receive the maximum pension of 75%, female workers need to contribute social insurance for 30 years to reach the maximum of 75%.
For male workers who have paid social insurance for 15 to 20 years, the pension rate is calculated at 40%, corresponding to 15 years of payment, then for each additional year of payment, 1% is added.
