Lawyer Nguyen Thu Trang, Deputy Director of Heva Law Company Limited, said that currently the regulations on pensions are implemented according to the 2024 Law on Social Insurance, effective from July 1, 2026 and related legal documents.
Article 66 of the Law on Social Insurance stipulates the monthly pension level as follows:
The monthly pension level of eligible subjects specified in Article 64 of this Law is calculated as follows:
For female workers, it is equal to 45% of the average salary used as the basis for social insurance contributions specified in Article 72 of this Law, corresponding to 15 years of social insurance contributions, then for each additional year of contribution, an additional 2% is calculated, the maximum level is 75%.
For male workers, it is equal to 45% of the average salary used as the basis for social insurance contributions specified in Article 72 of this Law, corresponding to 20 years of social insurance contributions, then for each additional year of contribution, an additional 2% is calculated, the maximum level is 75%.
In case male workers have a social insurance contribution period of 15 years to less than 20 years, the monthly pension level is equal to 40% of the average salary as the basis for social insurance contributions specified in Article 72 of this Law, corresponding to 15 years of social insurance contributions, then for each additional year of contribution, 1% is added.
The monthly pension level for subjects who are workers in certain occupations and jobs with special characteristics in the people's armed forces is regulated by the Government. Funding is implemented from the state budget.
The monthly pension level of eligible subjects specified in Article 65 of this Law is calculated as specified in Clause 1 of this Article, then for each year of early retirement, it is reduced by 2%.
In case the pre-retirement period is less than 06 months, the percentage of pension benefits is not reduced, from 06 months to less than 12 months, it is reduced by 1%.
The calculation of the monthly pension level of employees who are eligible for pensions but 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 contribution during this period is calculated at 2.25% of the average salary level used as the basis for social insurance contributions specified in Article 72 of this Law.
The Government details the level of enjoyment and conditions for enjoying pensions.
Lawyer Nguyen Thu Trang added that currently, the Government is considering increasing pensions in 2026.
Article 67 of the 2024 Law on Social Insurance stipulates the adjustment of pensions as follows:
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.
According to Official Dispatch 38/TTg-QHĐP in 2026, the Prime Minister has provided guidance on a number of key tasks to implement the Resolutions at the 10th Session, 15th National Assembly.
In which, the task of adjusting the base salary and many allowances in Resolution 265/2025/QH15 has specific contents as follows:
Adjusting some types of allowances, base salary levels, pensions, social insurance allowances, monthly allowances, preferential allowances for people with meritorious services, social allowances, social pension allowances according to Conclusion No. 206-KL/TW dated November 10, 2025 of the Politburo.
Thus, the Prime Minister assigned the Minister of Home Affairs to adjust pensions, adjust basic salaries and some types of allowances, social insurance allowances, monthly allowances, preferential allowances for people with meritorious services, social allowances, social pension allowances according to Conclusion 206-KL/TW of 2025 of the Politburo with the implementation period being March 2026.
