According to current regulations in Article 75 of the Law on Social Insurance 2014, there is only one level for calculating one-time benefits upon retirement, for employees with social insurance payment period higher than the maximum level of 75% (male employees with social insurance payment period higher than 35 years, female employees with social insurance payment period higher than 30 years).
The one-time pension level according to the provisions of the Law on Social Insurance 20214 is calculated based on the number of years of social insurance contributions higher than the number of years corresponding to the pension rate of 75%. For each year of social insurance contributions, it is calculated as 0.5 months of the average monthly income of social insurance contributions.
Meanwhile, the Social Insurance Law 2024 (effective from July 1, 2025) has amended and supplemented regulations on one-time retirement benefits to encourage employees to continue working and paying social insurance after retirement age.
According to Article 68 of the Law on Social Insurance 2024, there are 2 levels of one-time retirement benefits as follows:
- Equal to 0.5 times the average salary used as the basis for social insurance contributions for each year of contributions higher than the retirement age as prescribed by law.
- In case the employee has met the conditions for receiving pension according to regulations but continues to pay social insurance, the subsidy level is equal to 2 times the average salary used as the basis for paying social insurance for each year of payment higher than the number of years from the time of reaching retirement age according to regulations of law to the time of retirement.
