On August 7, Ms. Duong Thi Minh Chau - Head of the Department of Propaganda and Support for Social Insurance participants (SI) of Hanoi City - said that in August 2025, the unit paid pensions and social insurance benefits to 598,673 cases with a total amount of more than 4,140 billion VND. Of which, the number of people receiving through personal ATM accounts is 595,237 people (999,42%), with an amount of more than VND 4,096 billion; the number of people receiving in cash at payment points is 3,436 people (0.58%) with an amount of over VND 43.6 billion...
Ms. Duong Thi Minh Chau added that in order for the payment of monthly pensions and social insurance benefits to continue to go smoothly, ensuring the smooth rights of beneficiaries when operating the two-level local government and in accordance with the provisions of the Social Insurance Law No. 41/2024/QH15 (Sharing Law 2024) effective from July 1, 2024, Hanoi Social Insurance recommends that beneficiaries pay attention to some changes in the authorization to receive pensions and social insurance benefits as follows:
- Regarding the authorization to receive pensions and social insurance benefits: In cases of authorization to receive pensions and social insurance benefits and other regimes, the authorization document is valid for a maximum of 12 months from the date of authorization; The authorization document must be certified in accordance with the provisions of law on certification.
- For the authorization granted in accordance with the provisions of Law No. 58/2014/QH13 ( social insurance law 2014), the implementation period is until June 30, 2025. After July 1, 2025, beneficiaries must re-establish authorization or carry out certification procedures in a timely manner so as not to interrupt the receipt of monthly pension and social insurance benefits.
- Every year, beneficiaries of social insurance regimes through personal accounts opened at banks are responsible for coordinating with social insurance agencies or service organizations authorized by social insurance agencies to verify information that is eligible for social insurance regimes according to regulations.
The calculation of pension benefits according to the Social Insurance Law 2024 is as follows:
For female workers: The monthly pension is calculated at 45% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions. After that, for each additional year of social insurance contributions, the benefit rate will be calculated by 2%, with a maximum of 75% corresponding to 30 years of social insurance contributions.
For male workers: The monthly pension is calculated at 45% of the average salary used as the basis for social insurance contributions corresponding to 20 years of social insurance contributions. After that, for each additional year of social insurance contributions, the benefit rate will be calculated by 2%, with a maximum of 75% corresponding to 35 years of social insurance contributions.
A particularly important change compared to the Social Insurance Law 2014 is the regulation for male workers with a social insurance payment period of 15 years to less than 20 years. Accordingly, the monthly pension of this group of subjects will be calculated at 40% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions, and for each additional year of contributions, an additional 1% will be calculated. This is a key change, expanding the opportunity to receive pensions for many male workers who have paid social insurance for a shorter period of time and may not previously be eligible.
