Clause 1, Article 7 of Decree 115/2015/ND-CP stipulates the monthly pension level as follows:
Monthly pension level
The monthly pension level in Article 56 of the Law on Social Insurance is stipulated as follows:
1. The monthly pension of employees is calculated by multiplying the monthly pension rate by the average monthly salary for social insurance contributions.
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Accordingly, the pension level for May 2025 of employees is calculated according to the following formula:
Pension level for May 2025 = Monthly pension rate x Average monthly salary for social insurance contributions.
In which: The monthly pension rate for employees eligible for pension is calculated specifically as follows:
- Employees who retire from January 1, 2016 to before January 1, 2018: The monthly pension rate is calculated at 45% corresponding to 15 years of social insurance contributions, then for each additional year of social insurance contributions, an additional 2% is calculated for men and 3% for women; the maximum is 75%;
- Female workers retiring from January 1, 2018 onwards: The monthly pension rate is calculated at 45% corresponding to 15 years of social insurance contributions, then for each additional year of social insurance contributions, an additional 2% is calculated; the maximum is 75%;
- Male workers who retire from January 1, 2018 onwards: The monthly pension rate is calculated at 45% corresponding to the number of years of social insurance contributions, then for each additional year of social insurance contributions, an additional 2% is calculated; the maximum is 75%.
From the above regulation, depending on the pension level of each retiree, the pension received in the pension payment period of May 2025 will not be the same.
