One-time pension for months of early retirement
Subsidy level = Current monthly salary x Coefficient x Number of months of early retirement. In which, for those who retire within the first 12 months:
Coefficient 1.0: If you have 2 years left until the retirement age.
Coefficient 0.9: If you are over 5 years old, you will have to wait 10 years until retirement age.
For those who retire from the 13th month onwards: Coefficient 0.45: Having 2 to 5 years left until retirement age.
Coefficient 0.5: If you are over 5 years old, you will have to wait 10 years until retirement age.
Allowance for the number of years of early retirement
Subsidy level = Current monthly salary x Coefficient x Number of years of early retirement.
In which, coefficient 5: If you have 2 years left until the retirement age, you will have 5 years left until the retirement age.
Coefficient 4: If you are over 5 years old, you will have to wait 10 years until retirement age.
Allowance according to working period with compulsory social insurance payment
For the first 20 years of work with compulsory social insurance contributions, a subsidy of 5 months of current salary will be granted; for the remaining years (from the 21st year onwards), each year will be granted a subsidy of 0.5 months of current salary.
Subsidy level = Current monthly salary x 5 (for the first 20 years of work with compulsory social insurance contributions) + 0.5 x Number of years of work with remaining compulsory social insurance contributions from the 21st year onwards.
In case of having paid compulsory social insurance for 15 years or more and being eligible for pension at the time of early retirement, they will receive a subsidy of 4 months of current salary; from the 16th year onwards, each year will receive a subsidy of 0.5 months of current salary.
Subsidy level = Current monthly salary x 4 (for the first 15 years of work with compulsory social insurance contributions) + 0.5 x Number of years of work with remaining compulsory social insurance contributions from the 16th year onwards.
One-time pension for early retirement
For those who retire early due to staff streamlining, restructuring and improving the quality of the team of cadres, civil servants and public employees:
leave for 12 months from March 15, 2025:
Subsidy level = Current monthly salary x 1 x Number of months of early retirement
From the 13th month onwards from March 15, 2025:
Subsidy level = (Current monthly salary x 1x Number of months of early retirement) x 0.5.
For cadres who are not old enough to be re-elected or reappointed or meet the age requirements for re-election or reappointment:
Subsidy level = Current monthly salary x 1 x Number of months of early retirement.
