Policy for people retiring 5 to 10 years early

The Lao Dong Newspaper Legal Consulting Office replied:

Clause 2, Article 4, Circular 01/2025/TT- BNV of the Ministry of Home Affairs (effective from January 17, 2025) stipulates how to calculate the policy for early retirees as follows:

For those who are over 05 years old but have reached the retirement age specified in Point b, Clause 2, Article 7 of Decree No. 178/2024/ND-CP, they will receive the following 03 allowances:

a) One-time pension for the number of months of early retirement:

For those who retire within the first 12 months:

One-time pension allowance = Current monthly salary as prescribed in Clause 2, Article 3 of this Circular x 0.9 x 60 months

For those who retire from the 13th month onwards:

One-time pension allowance = Current monthly salary as prescribed in Clause 2, Article 3 of this Circular x 0.45 x 60 months

b) Allowance for the number of years of early retirement: For each year of early retirement (fully 12 months), they will receive 04 months of current salary.

Subsidy level for the number of years of early retirement = Current monthly salary as prescribed in Clause 2, Article 3 of this Circular x 4 x Number of years of early retirement as prescribed in Clause 4, Article 3 of this Circular

c) Allowance according to working period with compulsory social insurance payment:

For the first 20 years of work with compulsory social insurance contributions, a subsidy of 5 months of current salary will be granted; for the remaining years (from the 21st year onwards), each year will be granted a subsidy of 0.5 months of current salary.

The allowance level is calculated based on the working period with compulsory social insurance = Current monthly salary as prescribed in Clause 2, Article 3 of this Circular x 5 (for the first 20 years of work with compulsory social insurance) + 0.5 x Number of years of work with remaining compulsory social insurance contributions from the 21st year onwards

Thus, those who retire 5 years to 10 years before the retirement age according to Decree 178/2024/ND-CP are entitled to the above policy.