One-time allowance upon retirement according to new regulations

The Legal Consulting Office of Lao Dong Newspaper responded:

Article 68 of the Law on Social Insurance 2024 (effective from July 1, 2025) stipulates one-time benefits upon retirement as follows:

1. Male employees whose social insurance payment period is higher than 35 years, female employees whose social insurance payment period is higher than 30 years, upon retirement, in addition to pension, will also receive a one-time benefit.

2. The one-time benefit level for each year of higher payment than specified in Clause 1 of this Article is equal to 0.5 times the average salary as a basis for social insurance payment specified in Article 72 of this Law for each individual. years of higher contributions until retirement age as prescribed by law.

In case an employee is eligible to receive a pension according to the provisions of Articles 64 and 65 of this Law and continues to pay social insurance, the subsidy level is equal to 2 times the average salary as a basis for payment. Social insurance prescribed in Article 72 of this Law for each year of payment higher than the number of years specified in Clause 1 of this Article from the time of full retirement age as prescribed by law to the time of retirement.

Thus, from July 1, 2025, the one-time allowance upon retirement is prescribed as above.