Article 99 of the Law on Social Insurance 2024 (effective from July 1, 2025) stipulates the monthly pension level, specifically as follows:
Monthly pension level
1. The monthly pension of eligible subjects specified in Article 98 of this Law is calculated as follows:
a) For female workers, the average income is equal to 45% of the basis for social insurance contributions prescribed in Article 104 of this Law, corresponding to 15 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%;
b) For male workers, the average income is equal to 45% of the basic income for social insurance contributions prescribed in Article 104 of this Law, corresponding to 20 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%.
In case male workers have paid social insurance for 15 years to less than 20 years, the monthly pension is equal to 40% of the average income used as the basis for social insurance payment prescribed in Article 104 of this Law, corresponding to 15 years of social insurance payment, then for each additional year of payment, an additional 1% will be calculated.
2. Pension adjustment is implemented in accordance with the provisions of Article 67 of this Law.
3. The calculation of the monthly pension of employees who are eligible for pension and have paid social insurance according to the provisions of international treaties to which the Socialist Republic of Vietnam is a member but have paid social insurance in Vietnam for less than 15 years, each year of contributions during this period shall be calculated at 2.25% of the average income used as the basis for social insurance payment prescribed in Article 104 of this Law.
Thus, according to the above regulations, from July 1, 2025, employees can receive the highest pension of 75% of the average salary used as the basis for social insurance contributions.
