Reader Thu Minh (Chua Lang Street, Dong Da, Hanoi) asked: I was born on January 3, 1971, have participated in social insurance for 31 years and 6 months, and in June 2025, I will retire according to Decree 178/2024/ND-CP. I want to know how much pension I get?
Ms. Duong Thi Minh Chau - Head of the Communications Department of Hanoi Social Insurance - 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 regulation: Female workers who have participated in social insurance for 30 years are entitled to a pension of 75%, while reader Thu Minh has paid social insurance for 31 years and 6 months, so they are entitled to a pension of 75%.
Ms. Duong Thi Minh Chau further explained that in the case of employees applying for early retirement (including employees under 10 years old) under the staff streamlining program of Decree 178/2024/ND-CP, they will still be considered for early retirement and will not be deducted a percentage according to age; however, it is still necessary to base on the number of years of social insurance contributions of employees that have reached 35 years of social insurance contributions for men and 30 years of social insurance contributions for women to receive 75% of the pension; if employees do not pay the required number of years of social insurance contributions, they will still be deducted 2% per year of under-paying social insurance contributions.
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.
