Increase income, reduce burden
The Ministry of Home Affairs is seeking opinions on the draft Decree adjusting pensions, social insurance allowances and monthly allowances, which proposes two options for increases applied from July 1, 2026. This information is attracting great attention from those who are enjoying retirement benefits.
Recorded in Hanoi, many people believe that the adjustment to increase pensions brings practical meaning in the context of increasing living costs, especially for medical and health care expenses for the elderly.
Ms. Vu Lan Huong (Hanoi) shared: "Increasing pensions is encouraging for us. Because in reality, current pensions are only temporarily enough, if you are seriously ill, you still have to have separate savings or ask for more help from your children.
In fact, despite meeting the minimum living standard, current pensions can hardly cover essential incurred expenses such as long-term treatment or in-depth health care needs of the elderly.
Mr. Bui Van Toong (Hanoi) expressed his excitement at the proposal to increase pensions: "Due to our old age, we are often sick. This also leads to many times of difficulties due to incurred costs for health care. Increasing pensions is really good news and encouragement, helping the elderly have a little more surplus, can spend more on medicine or support their children and grandchildren somewhat".
Reasonable personal financial management
From an economic perspective, Mr. Nguyen Quang Huy - CEO of the Faculty of Finance - Banking (Nguyen Trai University) - said that the spending structure of the elderly often focuses on essential daily needs such as food, living and travel. In addition, medical expenses such as examination, medicine and health support products account for a large proportion, along with a necessary provision to reduce financial dependence on children and grandchildren.
Experts also emphasized that the adjustment to increase pensions is a positive sign, but should not create subjective psychology in spending, especially in the context of market prices still fluctuating.
Raising pensions will only be truly effective when accompanied by reasonable financial management. Elderly people need to build clear spending habits, prioritize essential items, and at the same time, limit the use of consumer credit to avoid debt repayment pressure in the future," said Mr. Nguyen Quang Huy.
According to experts, pension adjustments not only contribute to improving income but also play an important role in helping the elderly be more proactive in life and improve the actual quality of life.
2 options for adjusting pensions and allowances are proposed:
With option 1: From July 1, 2026, adjust to increase by 4.5% and 200,000 VND/month on the pension level, social insurance allowance and monthly allowance of June 2026 for the specific subjects specified in the draft Decree.
Next, from July 1, 2026, adjust to increase by an additional 8% on the social insurance allowance and monthly allowance of June 2026 for the specific subjects specified in the draft Decree.
In addition, from July 1, 2026, people who are receiving pensions, social insurance allowances, monthly allowances before January 1, 1995, after adjusting according to regulations and have a benefit level lower than 3.8 million VND/month, will be adjusted to increase as follows: Increase by 300,000 VND/person/month for people with a benefit level below 3.5 million VND/person/month; increase to 3.8 million VND/person/month for people with a benefit level from 3.5 million VND/person/month to less than 3.8 million VND/person/month.
With option 2: From July 1, 2026, adjust an additional increase of 8% on the pension level, social insurance allowance and monthly allowance of June 2026. People with low benefit levels before 1995 are also applied a similar support mechanism to ensure the minimum level.
