According to Article 64 of the 2024 Law on Social Insurance, the conditions for enjoying pensions are specifically regulated for employees participating in compulsory social insurance.
Employees who retire with a compulsory social insurance contribution period of 15 years or more are entitled to a pension if they fall into one of the following cases:
Be of retirement age as prescribed in Clause 2, Article 169 of the Labor Code;
Being of a lower retirement age according to Clause 3, Article 169 of the Labor Code and having 15 years or more of working in heavy, hazardous, dangerous or working in areas with particularly difficult socio-economic conditions according to the list issued by the Ministry of Labor, Invalids and Social Affairs;
Being a minimum age of 10 years younger than the retirement age and having 15 years or more of coal mining work in underground mines as prescribed by the Government;
People infected with HIV/AIDS due to occupational accidents while performing assigned tasks.
Thus, employees who have paid compulsory social insurance for 20 years are considered to have met the conditions on social insurance contribution time. However, this is not yet a sufficient condition to receive a pension.
In cases where they have not reached retirement age as prescribed, employees are not allowed to apply for early pension benefits, except for the following two special cases:
Being a minimum age of 10 years younger than the retirement age and having 15 years or more of coal mining work in underground mines;
People infected with HIV/AIDS due to occupational accident risk when performing assigned tasks.
In addition to the above cases, employees, even if they have paid social insurance for 20 years, still have to wait until they reach retirement age according to the provisions of law to apply for a pension.
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