How to calculate monthly pension from July 2025

The Lao Dong Newspaper Legal Consulting Office replied:

Article 66 of the Law on Social Insurance 2024 (effective from July 2025) stipulates the monthly pension level as follows:

1. The monthly pension of eligible subjects specified in Article 64 of this Law is calculated as follows:

a) For female workers, the average salary is equal to 45% of the basic salary used as the basis for social insurance contributions as prescribed in Article 72 of this Law, corresponding to 15 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%;

b) For male workers, the average salary used as the basis for social insurance contributions prescribed in Article 72 of this Law is equal to 45% 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 workers have paid social insurance for 15 years to less than 20 years, the monthly pension is equal to 40% of the average salary used as the basis for social insurance payment prescribed in Article 72 of this Law, corresponding to 15 years of social insurance payment, then for each additional year of payment, an additional 1% will be calculated.

2. The monthly pension level of employees in a number of special occupations and jobs in the People's Armed Forces is regulated by the Government. The implementation budget 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 early retirement, it will be reduced by 2%.

In case of early retirement under 06 months, the pension percentage will not be reduced, from 06 months to under 12 months, it will be reduced by 1%.

4. The calculation of the monthly pension of employees who are eligible for pension and have paid social insurance according to the provisions of international treaties to which the Socialist Republic of Vietnam is a member but have paid social insurance in Vietnam for less than 15 years, each year of contributions during this period shall be calculated at 2.25% of the average salary used as the basis for social insurance payment prescribed in Article 72 of this Law.

5. The Government stipulates in detail the pension level and conditions.

Thus, from July 2025, the monthly pension calculation method is regulated as above.