Officially increase 15% pension and social insurance benefits from 1.7

On July 1, the Government Office announced that the Government has just issued Decree No. 75/2024/ND-CP adjusting pensions, social insurance benefits and monthly allowances.

This Decree adjusts pension levels, social insurance benefits and monthly allowances for beneficiaries of pensions, social insurance benefits and monthly allowances before July 1, 2024, including:

- Cadres, civil servants, workers, public employees and laborers (including those who have participated in voluntary social insurance, retirees from Nghe An Farmers' Social Insurance Fund transferred according to Decision No. 41/2009/QD-TTg dated March 16, 2009 of the Prime Minister on transferring Nghe An Farmers' Social Insurance to voluntary social insurance); soldiers, people's police and people working in key positions who are receiving monthly pensions.

- Commune, ward and town cadres prescribed in Decree No. 33/2023/ND-CP dated June 10, 2023 on commune-level cadres, civil servants and part-time workers at the commune level, in villages and residential groups, Decree No. 92/2009/ND-CP of the Government on titles, numbers, some regimes and policies for cadres, civil servants at communes, wards and towns and part-time workers at the commune level.

People who are receiving monthly allowances for loss of working capacity according to the provisions of law; people who are receiving monthly allowances according to Decision No. 91/2000/QD-TTg of the Prime Minister on allowances for people who have reached retirement age at the time of stopping receiving monthly allowances for loss of working capacity, Decision No. 613/QD-TTg of the Prime Minister on monthly allowances for people with 15 to less than 20 years of actual work experience whose period of receiving allowances for loss of working capacity has expired.

Next are rubber workers who are receiving monthly allowances according to Decision No. 206-CP of the Government Council on policies for newly liberated workers who do hard work that is harmful to their health and now have to quit their jobs due to old age.

- Commune, ward and town cadres are receiving monthly allowances according to Decision No. 130-CP of the Government Council supplementing policies and regimes for commune cadres and Decision No. 111-HDBT of the Council of Ministers on amending and supplementing a number of policies and regimes for commune and ward cadres.

- Soldiers who are receiving monthly allowances according to Decision No. 142/2008/QD-TTg of the Prime Minister on implementing the regime for soldiers who participated in the resistance war against the US to save the country with less than 20 years of service in the army and have been demobilized and discharged to their localities (amended and supplemented by Decision No. 38/2010/QD-TTg).

- People's Public Security officers are receiving monthly allowances according to Decision No. 53/2010/QD-TTg of the Prime Minister regulating the regime for People's Public Security officers and soldiers who participated in the resistance war against the US with less than 20 years of service in the People's Public Security who have quit their jobs and returned to their localities.

- Soldiers, people's police, and people working in secretarial work receive salaries similar to those of soldiers and people's police who are receiving monthly allowances according to Decision No. 62/2011/QD-TTg of the Prime Minister on regimes and policies for those who participated in the war to protect the Fatherland, performed international missions in Cambodia, and helped Laos after April 30, 1975 and have been demobilized, discharged, or quit their jobs.

The Decree clearly states that from July 1, 2024, the pension, social insurance allowance and monthly allowance of June 2024 will be adjusted up by 15% for the above subjects.

From July 1, 2024, people who are receiving pensions, social insurance benefits, and monthly allowances as prescribed in Clause 2 above, after an increase of 15% on the pension, social insurance benefits, and monthly allowances of June 2024, with a benefit level lower than VND 3,500,000/month, will be adjusted to increase as follows:

Increase by 300,000 VND/person/month for those with benefits below 3,200,000 VND/person/month; increase by 3,500,000 VND/person/month for those with benefits from 3,200,000 VND/person/month to under 3,500,000 VND/person/month.

Decree 75/2024/ND-CP takes effect from July 1, 2024.

Source: https://laodong.vn/thoi-su/chinh-thuc-tang-15-luong-huu-va-tro-cap-bao-hiem-xa-hoi-tu-17-1360083.ldo