For subjects participating in compulsory social insurance (SI), Article 64 of the 2024 Law on Social Insurance stipulates that to receive a pension, employees need to meet the conditions on retirement age as well as the number of years of social insurance contribution.
In which, the number of years of social insurance contribution to receive a pension is at least 15 years or more, including men and women.
This regulation does not apply to pension beneficiaries when their working capacity is reduced (Article 65 of the Social Insurance Law 2024).
For subjects participating in voluntary social insurance:
According to the provisions of Article 98 of the 2024 Law on Social Insurance, voluntary social insurance participants are entitled to a pension when they reach retirement age as prescribed in Clause 2, Article 169 of the 2019 Labor Code and have a social insurance contribution period of 15 years or more.
Regarding the retirement age condition, in 2026, according to the provisions of the 2019 Labor Code, the retirement age of workers in normal working conditions is: Male workers: 61 years and 6 months; female workers: 57 years.
