The Ministry of Home Affairs is seeking comments on a draft Decree stipulating the regime and policies for officials who are not old enough to be re-elected or re-appointed to positions and titles according to their term of office (in agencies of the Communist Party of Vietnam, the State, the Vietnam Fatherland Front, and socio-political organizations) and retire.
Accordingly, the draft decree stipulates the regime and policies for cadres who do not meet the age requirements for re-election or re-appointment and retire early.
Cadres who are not old enough to be re-elected or re-appointed and have paid compulsory social insurance for 15 years or more, if they submit a voluntary application for early retirement to the cadre management agency, will be entitled to pension benefits according to the provisions of the law on social insurance and other benefits, including:
- No deduction of pension rate due to early retirement; receive 3 months of average salary allowance for each year of early retirement compared to the prescribed retirement age.
- In addition, there is also a subsidy of 5 months of average salary for the first 15 years of work, with social insurance contributions; from the 16th year onwards, for each year of work with social insurance contributions, there is a subsidy of 1/2 month of salary.
- For cadres with salary classification positions, if they have been classified as salary level 1 of the current position for 48 months, they will be classified as level 2 of the current position for retirement.
- For cadres with professional and technical salaries and receiving leadership position allowances: Cadres who have not yet reached the final salary grade in their current rank and are still 1 to 12 months short of regular salary increase according to regulations will be given a salary increase before the deadline for retirement.
- Cadres who are receiving the final salary grade or are receiving seniority allowance exceeding the current salary scale, and have a university degree or higher, will be promoted to the next higher grade without taking an exam to retire.
The average salary for calculating the allowance is determined by the average monthly salary actually received in the last 5 years before retirement, including: Position salary or salary according to rank or grade; position allowances, seniority allowances exceeding the framework, seniority allowances, salary retention difference, Party work allowances (if any).
