Reader Hoang Tu (Dong Da, Hanoi) asked: I was born in 1965, and have been participating in social insurance for more than 37 years. In September 2025, I will receive a retirement decision according to Decree 178/2024/ND-CP. I want to know how much pension I will receive?
Ms. Duong Thi Minh Chau - Head of the Department of Propaganda and Support for Social Insurance participants in Region I (Hanoi) - advised: The pension rate is based on retirement age and the number of years of social insurance contributions. Implementing the staff streamlining policy according to Decree 178/2024/ND-CP, readers will not have their pension rate deducted due to early retirement, so the number of years of social insurance contributions will be used to calculate the pension rate.
Based on the regulations: Male employees who have participated in social insurance for 35 years will receive a pension of 75%. According to reader Hoang Tu, the reader has paid social insurance for more than 37 years, so he will receive a pension of 75%.
Ms. Duong Thi Minh Chau further explained, in case the employee applied for early retirement (including the employee who is 10 years old) according to the streamlining the payroll of Decree 178/2024/ND-CP will be considered for early retirement and not deducted % by age; However, it is still necessary to base on the number of years of social insurance payment of employees who have reached 35 years of social insurance payment for men and 30 years of social insurance payment for women to enjoy 75% of pensions; If the employee does not pay enough social insurance as prescribed, it will still be deducted 2% per year for lack of social insurance.
According to the representative of Hanoi Social Insurance, workers need to understand the policy of early retirement without having their pension rate deducted.
The Social Insurance Law stipulates that for each year of early retirement, the pension rate will be reduced by 2%, in case the early retirement period is less than 6 months, the pension percentage will not be reduced, from 6 months to less than 12 months, it will be reduced by 1%.
These early retirement policies that are not subject to pension deduction are often misunderstood as early retirement but still receive monthly pension with a maximum rate of 75% of the average salary used as the basis for social insurance contributions without deduction.
However, the monthly pension will be calculated based on the social insurance payment period up to the retirement date (for female employees, it is equal to 45% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated; for male employees, it is equal to 45% of the average amount corresponding to 20 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated and the maximum is 75%).
Thus, early retirement when streamlining the apparatus will not be reduced by 2% for each year of early retirement, while the monthly pension will still be based on the time of social insurance payment. To receive a pension with a maximum rate of 75%, male workers must pay for 35 years of social insurance, and female workers must pay for 30 years of social insurance.
