Point b, Clause 1, Article 66 of the Law on Social Insurance 2024 (effective from July 1, 2025) stipulates in the case of compulsory social insurance participation as follows:
1. The monthly pension level of eligible subjects specified in Article 64 of this Law is calculated as follows:
(...)
b) For male employees, it is 45% of the average salary used as the basis for social insurance contributions as prescribed in Article 72 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 employees have paid social insurance for 15 years but less than 20 years, the monthly pension is equal to 40% of the average salary used as the basis for paying social insurance as prescribed in Article 72 of this Law corresponding to 15 years of paying social insurance, then for each additional year of paying, 1% is added.
2. The monthly pension level for workers in certain special occupations and jobs in the People's Armed Forces is prescribed by the Government. The funding source is from the state budget.
3. The monthly pension of eligible subjects specified in Article 65 of this Law is calculated as prescribed in Clause 1 of this Article, then for each year of retirement before the prescribed age, it is reduced by 2%.
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Point b, Clause 1, Article 99 of the Law on Social Insurance 2024 stipulates in the case of voluntary social insurance payment as follows:
Article 99. Monthly pension level
1. The monthly pension level of eligible subjects specified in Article 98 of this Law is calculated as follows:
(...)
b) For male employees, it is 45% of the average income used as the basis for social insurance contributions as 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 employees have paid social insurance for 15 years but less than 20 years, the monthly pension is equal to 40% of the average income used as the basis for paying social insurance as prescribed in Article 104 of this Law corresponding to 15 years of paying social insurance, then for each additional year of paying, 1% is added.
2. Pension adjustment is carried out in accordance with the provisions of Article 67 of this Law.
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Thus, from July 1, 2025, under normal working conditions, the minimum monthly pension rate for male workers is 40% of the average income used as the basis for social insurance contributions, corresponding to 15 years of social insurance contributions.
The monthly pension of eligible subjects specified in Article 65 of the Law on Social Insurance 2024 is calculated as prescribed in Clause 1, Article 66 of the Law on Social Insurance 2024, then for each year of retirement before the prescribed age, it is reduced by 2%.
