The Ministry of Home Affairs has responded to the petitions of voters in Da Nang City sent after the first session of the 16th National Assembly.
Voters proposed that the Ministry of Home Affairs advise the Government to direct relevant ministries and sectors to study mechanisms and policies to adjust and increase the pension level for officials who retired before 1993, because currently the pension level of this group of subjects is very low and life is facing many difficulties.
Answering this content, the Ministry of Home Affairs said that according to the provisions of law on social insurance (BHXH), the monthly pension level of employees when retiring is calculated based on the monthly salary level used as the basis for social insurance contributions and the social insurance contribution period of employees.
Thus, the monthly pension level of retirees is high or low depending on the monthly salary used as a basis for contribution and the social insurance contribution period of the employee before retirement.
Over the past time, our Party and State have always paid attention to the lives of retirees, especially those who retired before 1995 with low pensions through pension adjustment policies.
On May 23, 2018, the 12th Central Executive Committee issued Resolution No. 28-NQ/TW on social insurance policy reform, which stated: "Basic pensions are adjusted mainly based on the increase in the consumer price index, the capacity of the Social Insurance Fund and the state budget; pay attention to reasonable adjustments for groups with low pensions and retired before 1995 to narrow the pension gap between retirees in different periods".
Institutionalizing the above-mentioned guiding viewpoint, from 2021 to 2024 alone, the Government has adjusted pensions, social insurance allowances and monthly allowances 3 times, in which adjustments were made at a higher level for people retiring before 1995 with low pensions.
Accordingly, in addition to adjusting to increase according to the general level, the Government also implements additional adjustments to increase for those who retired before 1995 with low pensions.
On June 29, 2024, at the 7th session of the 15th National Assembly, the Law on Social Insurance No. 41/2024/QH15 was passed.
Article 67 of the Law on Social Insurance No. 41/2024/QH15 stipulates that pensions are adjusted based on the increase in the consumer price index in accordance with the capacity of the state budget and the social insurance fund.
Adjusting the appropriate pension increase for subjects with low pensions and retired before 1995 to ensure narrowing the pension gap between retirees in different periods. The Government stipulates the time, subjects, and level of pension adjustment specified in this Article.
On May 15, 2026, the Government issued Decree No. 162/2026/ND-CP regulating the adjustment of pensions, social insurance allowances, and monthly allowances from July 1, 2026 with a general increase of 8%, for those who are receiving pensions, social insurance allowances, and monthly allowances before January 1, 1995, after the general increase adjustment, if the benefit level is lower than 3,800,000 VND/month, they will continue to be adjusted to increase further.
The adjustment of pensions in the past time has contributed to gradually stabilizing and improving the lives of pensioners, social insurance allowances and monthly allowances; especially those with low pensions and retired before 1995.
