Accordingly:
- The monthly pension of eligible subjects specified in Article 64 of the Law on Social Insurance 2024 is calculated as follows:
+ For female employees, it is equal to 45% of the average salary as a basis for paying social insurance as prescribed in Article 72 of the Law on Social Insurance 2024, corresponding to 15 years of social insurance payment, then each additional year of payment. then calculate an additional 2%, the maximum level is 75%;
+ For male employees, equal to 45% of the average salary as a basis for paying social insurance as prescribed in Article 72 of the Law on Social Insurance 2024, corresponding to 20 years of social insurance payment, then each additional year of payment. then calculate an additional 2%, the maximum level is 75%.
In case a male employee has paid social insurance for 15 to less than 20 years, the monthly pension is equal to 40% of the average salary as a basis for paying social insurance as prescribed in Article 72 of the Law on Insurance. Social insurance 2024 corresponds to 15 years of social insurance payment, then for each additional year of payment, an additional 1% is calculated.
- Monthly pension levels for workers in certain occupations and special jobs in the people's armed forces are prescribed by the Government. Funding for implementation comes from the State budget.
- 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 will reduce by 2%.
In case the pre-retirement period is less than 6 months, the pension percentage will not be reduced. From 6 months to less than 12 months, the pension percentage will be reduced by 1%.
- Calculating the monthly pension of employees who are eligible to receive pension and have a period of social insurance payment according to the provisions of international treaties to which the Socialist Republic of Vietnam is a member but has If the social insurance payment period in Vietnam is less than 15 years, each year of payment during this period is calculated as 2.25% of the average salary as a basis for social insurance payment as prescribed in Article 72 of the Law on Social Insurance. Assembly 2024.
Currently, the monthly pension level for people participating in compulsory social insurance is specified in Article 56 of the Law on Social Insurance.
