Vietnam Social Security responded:
Conditions for receiving pension:
According to the current regulations in Article 169, Clause 1, Article 219 of the 2019 Labor Code and Decree No. 135/2020/ND-CP dated November 18, 2020 of the Government:
From January 1, 2021, the retirement age of employees under normal working conditions is 60 years and 3 months for male employees and 55 years and 4 months for female employees; After that, increase by 3 months every year for male workers until reaching 62 years old in 2028 and increase by 4 months every year for female workers until reaching 60 years old in 2035.
+ Employees can retire no more than 05 years younger than the retirement age of employees working in normal working conditions if they have paid social insurance for 20 years or more and fall into one of the following cases: :
- Have 15 years or more working in occupations, heavy, hazardous or dangerous occupations (NĐHNH) or special occupations in the list issued by the Ministry of Labor, War Invalids and Social Affairs;
- Have worked for 15 years or more in an area with extremely difficult socio-economic conditions (including working time in a place with a regional allowance coefficient of 0.7 or more before January 1. 2021);
- Have a total time working in a profession or job in a NHNHNHNH or especially a NHNNHNH and working time in an area with extremely difficult socio-economic conditions (including time working in a place with regional allowances). number 0.7 or higher before January 1, 2021) for 15 years or more.
- Having reduced working capacity of 61% or more;
+ Employees can retire up to 10 years younger than the retirement age of employees working in normal working conditions if they have paid social insurance for 20 years or more and add one of the following conditions:
- Have 15 years working in underground coal mining.
- Having reduced working capacity of 81% or more.
+ Employees are not subject to age limits when they have paid social insurance for 20 years and fall into one of the following cases:
- Infected with HIV/AIDS due to occupational accidents;
- Have reduced working capacity of 61% or more and have had 15 years of working in a special occupation or job in the NNHNHNH category on the list issued by the Ministry of Labor, War Invalids and Social Affairs.
2. Monthly pension level
According to the provisions of Article 56 of the Law on Social Insurance and Article 7 of Decree No. 115/2015/ND-CP dated November 11, 2015 of the Government detailing a number of articles of the Law on Social Insurance regarding compulsory social insurance as follows:
The employee's monthly pension is calculated by multiplying the monthly pension rate multiplied by the average monthly salary paid for social insurance, in which the pension rate (from 2024) is as follows:
- For retired male employees, every 20 years of social insurance payment is calculated at 45% of the average monthly salary paid for social insurance;
- For retired female employees, every 15 years of social insurance payment is calculated at 45% of the average monthly salary paid for social insurance;
After that, for each additional year of social insurance payment, the employee will be charged an additional 2%; The maximum level is 75%. In case an employee retires prematurely due to reduced working ability, each year of premature retirement will be reduced by 2%.
3. Regarding receiving one-time benefits upon retirement:
According to the provisions of Article 58 of the Law on Social Insurance, employees whose time of paying social insurance is higher than the number of years corresponding to the pension rate of 75%, when retiring, in addition to pension, will also receive a one-time benefit. The one-time benefit is calculated based on the number of years of social insurance payment, which is higher than the number of years corresponding to the 75% pension rate. For each year of social insurance payment, it is calculated as 0.5 months of the average monthly salary paid for social insurance.
4. Regarding one-time regional subsidies:
According to the provisions of Article 123 of the Law on Social Insurance, Article 21 of Decree No. 115/2015/ND-CP, employees who quit their job are eligible to receive pension from January 1, 2016 onwards, but before January 1, 2007, they had During the period of social insurance payment, including regional allowances, you will also be entitled to receive a one-time regional allowance corresponding to the time and amount of regional allowances for which social insurance has been paid. The level of one-time regional subsidy is implemented according to Clause 2, Article 31 of Circular No. 59/2015/TT-BLDTBXH dated December 29, 2015 of the Ministry of Labor, War Invalids and Social Affairs.
5. Health insurance:
According to the provisions of Clause 4, Article 18 of the Law on Social Insurance, pensioners will be issued free health insurance cards to perform medical examination and treatment at medical facilities.
Determining when an employee receives pension and what his or her full benefits are must be based on gender, age, working conditions, and specific working time of the entire process and title. What job, what is the salary, is there a decrease in working ability... Therefore, Vietnam Social Insurance provides general information about the regulations of the policy of retiring at the right age and retiring before the age according to the provisions of law. about current social insurance for you to understand.
In case more detailed explanations and instructions are needed, readers can contact the social insurance agency where they are paying social insurance or where they reside and provide detailed information to receive full advice on the content of interest.
