The Ministry of Home Affairs is submitting a draft adjustment to pensions and social insurance allowances expected to be applied from July 2026.
According to the Ministry of Home Affairs, in Official Dispatch No. 2201/BNV-CTLBHXH dated March 13, 2026 on seeking opinions on the draft Decree adjusting pensions, social insurance allowances and monthly allowances, this agency proposed two adjustment options.
Option 1: From July 1, 2026, it is proposed to increase by 4.5% and add 200,000 VND/month on the benefit level of June 2026 for groups from point a to point g. For subjects at points h, i and k, the social insurance allowance and monthly allowance are proposed to increase by 8% from the same time.
People who are receiving pensions, social insurance allowances, monthly allowances before January 1, 1995, after adjustment if they are still lower than 3.8 million VND/month, will continue to be increased: increase by 300,000 VND/person/month for people with a benefit level below 3.5 million VND/month; or increase to 3.8 million VND/month for people with a benefit level from 3.5 million VND to under 3.8 million VND.
Option 2: From July 1, 2026, the pension, social insurance allowance and monthly allowance levels of the above-mentioned groups are proposed to be adjusted to increase by 8% compared to the level enjoyed in June 2026.
Along with that, the group benefiting before January 1, 1995 with a level lower than 3.8 million VND/month after adjustment was also supplemented according to a mechanism similar to option 1 to narrow the benefit level gap.
Expressing information about the proposal to increase pensions, Ms. Bui Thi Mung, residing in Nat Son, Phu Tho, said she was very happy to know that pensions may be adjusted to increase in the near future.
According to her, the increase, although not too large, helps the elderly to be more proactive in daily spending. More importantly, it makes retirees feel cared for after many years of work and dedication.
Sharing the same feeling, Ms. Nguyen Thi Dung, a retired teacher in Luong Son, Phu Tho, shared that pension increases are not just about money.
We feel warm because the policy is always concerned and adjusted to suit the reality of life. Increasing pensions also helps the elderly feel more secure, reducing worries for their children and grandchildren," Ms. Dung said.
In parallel with policy adjustments, Phu Tho is also promoting innovation in pension and social insurance allowance payment methods.
The Provincial People's Committee has issued document No. 11138/UBND-KGVX6 dated December 12, 2025, requesting agencies and units to strengthen the implementation of non-cash payments.
The goal is that by the end of 2025, 85% or more of people receiving pensions and social insurance allowances will receive money through non-cash payment methods.
This is considered an important step in digital transformation in the field of social security, helping payment to be more transparent, convenient and safe.
Social insurance agencies, police, banks and post offices in the area are required to closely coordinate in propagating and supporting people to open accounts and access services.
At the same time, the cleaning of beneficiary data is also being promoted to ensure proper and timely payment to beneficiaries.
Reality shows that increasing pensions combined with improving payment methods not only brings economic benefits but also contributes to improving the quality of life for the elderly.
When life is guaranteed and spirit is improved, retirees can feel secure in enjoying life, continuing to contribute to their families and society in their own way.
