Retirement - a security support in old age

To expand the beneficiaries of pensions, the provincial Social Insurance sector has been actively promoting and mobilizing people to participate in voluntary social insurance, not receiving one-time social insurance benefits to have a solid support when they retire.

In early July 2025, Ms. Vo Thi Bay (Cu M'gar commune) went to the one-stop department of the Quang Phu Social Insurance to complete the procedures to receive retirement benefits. More than 20 years working as a rubber latex worker at the Dak Lak Rubber Joint Stock Company Branch - Cu M'gar Farm was also the time she participated in compulsory social insurance. Ms. Bay shared: "During my working years, the company paid full social insurance for me, so when I gave birth, got sick, or had an accident, I was entitled to social insurance benefits according to regulations. Even happier, now that I am past retirement age, I receive a monthly pension and a free health insurance card, so I no longer have to worry about living expenses, medical examination and treatment, or have to depend on my children and grandchildren."

In recent times, ensuring the regimes and benefits of social insurance and health insurance participants has always been of concern to all levels and sectors. In particular, pension payments have always been made promptly and in accordance with regulations. Pensioners can receive their monthly pensions in cash or through bank accounts. The issuance of health insurance cards to pensioners has also been fully implemented, ensuring compliance with the law. In particular, the pension level is not a fixed level at the time of retirement but is periodically adjusted to increase according to the consumer price index and economic growth to ensure the life of retirees.

Since 1995, the pension level has been continuously adjusted and raised by the State to ensure the living standards of retirees. This shows that the social insurance policy pays great attention to the income of pensioners, especially those with low pensions.

Director of the provincial Social Insurance Department Tran Manh Toan said that the Social Insurance Law 2024, effective from July 1, 2025, stipulates that employees who have paid compulsory social insurance for at least 15 years and are at the prescribed retirement age are entitled to receive a pension and the method of calculating the pension has also been adjusted. In particular, reducing the minimum social insurance payment period to 15 years, brings great opportunities for those who participate in social insurance late or have discontinuous participation instead of having to receive social insurance in one lump sum due to not meeting the payment period requirement to receive a monthly pension.

Quang Phu Social Insurance staff propagate and mobilize people to participate in voluntary social insurance.

Specifically, for female workers, the monthly pension is calculated at 45% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions. After that, for each additional year of social insurance contributions, the benefit rate will be calculated by 2%, up to a maximum of 75% corresponding to 30 years of social insurance contributions.

For male workers, the monthly pension is calculated at 45% of the average salary used as the basis for social insurance contributions corresponding to 20 years of social insurance contributions. After that, for each additional year of social insurance contributions, the benefit rate will be calculated by 2%, up to a maximum of 75% corresponding to 35 years of social insurance contributions.

A notable point compared to the 2014 Social Insurance Law is the regulation for male workers with a social insurance payment period of 15 years to less than 20 years: The monthly pension will be calculated at 40% of the average salary used as the basis for social insurance payment corresponding to 15 years of social insurance payment, then each additional year of payment will be calculated by adding 1%. This is an important change, creating conditions for many male workers with a shorter social insurance payment period to still have the opportunity to receive a pension. This new regulation demonstrates the flexibility and humanity of the social insurance policy, aiming to expand social insurance coverage and ensure long-term social security benefits for workers.

It can be said that pension is a solid support for social insurance participants and their families when they reach retirement age. With a stable salary paid by the State and a free health insurance card, they do not have to bear pressure on income, economy as well as the burden of hospital fees if they are unlucky enough to fall ill or be hospitalized.

According to statistics from the provincial Social Insurance, in July 2025, the unit resolved pension and monthly allowance benefits for 1,652 people, bringing the total number in the first 7 months of the year to 3,199 people, an increase of 56% over the same period in 2024.

Source: https://baodaklak.vn/xa-hoi/202508/che-do-huu-tri-diem-tua-an-sinh-khi-ve-gia-d5d1558/