Pension increases by 1.2 million VND after 22 years, people hope for early adjustment

Pension increases by 1.2 million VND after 22 years

Information about the adjustment of the base salary, pension and allowance regimes in 2026 has received the attention of many people.

Sharing with Lao Dong reporters, Mr. Le Van T (born 1961, Son Tay ward - Hanoi) - a worker of Electrical Equipment Company 1, retired due to disability in 2004, said: "At the time of retirement, my pension was about 2.3 million VND/month, allowance 800 thousand VND/month, totaling 3.3 million VND/month. Up to now, after a number of increases, my pension is 3.5 million VND, the total pension and allowance I receive each month is 5.4 million VND/month".

According to Mr. T, although the benefit level is not high, the pension is still a solid support for him when he gets old. With a pension, he and his wife can rest assured without worrying about fixed monthly expenses such as electricity, water, gas, rice, fish sauce, salt...

However, with the current price increase of consumer goods, pensions can hardly meet the incurred expenses, exceeding the minimum needs such as weddings, longevity celebrations, new house celebrations or long trips... Mr. T still works with his wife every day, doing small business in the locality, to have a higher income, meeting life with increasingly high spending levels.

I hope that the Party and State will continue to pay more attention to the beneficiaries of pensions and allowances; soon adjust pensions so that we have more money to take care of our lives. Especially, there is a policy to adjust pensions for those who retire early, retire many years ago, because their benefit level is very low" - Mr. T shared.

According to regulations, people born in 1961 (male) in normal working conditions will retire in 2021 when they reach the age of 60 and 3 months.

In case Mr. T retired in 2004, when he was only 43 years old, it is usually applied to special cases (impairment, staff reduction) and will be deducted from the pension rate. Each year of early retirement will be deducted 2% of the pension benefit rate according to regulations. This explains the low pension level that Mr. T is currently enjoying.

Pension beneficiaries wish for early pension adjustment

The Prime Minister has issued Official Dispatch 38/TTg-QHĐP on the implementation of the Resolution at the 10th session, 15th National Assembly. According to the attached appendix, the adjustment of the base salary, pension and allowance and subsidies are identified as one of the key tasks to be implemented.

According to the direction, in March, the Government requested the Ministry of Home Affairs to adjust a number of types of allowances, basic salary levels, pensions, social insurance allowances, monthly allowances, preferential allowances for people with meritorious services, social allowances and social pension allowances.

However, the document does not specify the time of application of the new basic salary level. Currently, many civil servants, public employees, and pensioners express their desire for the policy to be implemented soon to reduce spending pressure in the context of increasing living costs.