Does everyone who retires early get 75% pension?

According to Vietnam Social Security (VSS), people who retire early will not have their pension rate deducted, but will not receive the maximum 75%.

Specifically, according to Clause 2, Article 7, Decree 178, amended by Clause 5 and Clause 6, Article 1 of Decree 67, people who retire early due to organizational restructuring, if they are subjects in Clause 1 and Clause 3, Article 2 of this Decree, will not have their pension rate deducted, even if they retire 2 to 10 years earlier than the prescribed retirement age.

Specifically, the following three groups of subjects will not have their pension rates deducted if they meet the conditions on age, social insurance payment period and job characteristics:

Have 2 to less than 5 years left before retirement age, and meet the conditions for receiving pension according to social insurance regulations.

Have an age of 5 to 10 years from retirement age, eligible for pension.

Have 2 to less than 5 years of retirement age, have worked for at least 15 years in a particularly difficult area or in a toxic, arduous, or dangerous job.

The representative of Vietnam Social Security added that the rate of benefit is still based on the current Social Security Law, that is, male workers receive a rate of 45% corresponding to 20 years of social insurance contribution; female workers receive a rate of 45% corresponding to 15 years of social insurance contribution.

After that, for each additional year of social insurance contributions, the employee will be calculated an additional 2% until reaching the maximum level of 75%. Thus, male employees must have 35 years of social insurance contributions, female employees must have 30 years of social insurance contributions to receive the maximum pension of 75%.

Therefore, according to the provisions of Decree 178 and Decree 67 on early retirement, the monthly pension level when retiring early for cadres, civil servants, public employees and workers remains at 45% to 75% of the average salary used as the basis for social insurance contributions.

According to the current Social Insurance Law, within 20 days from the date of receiving complete pension beneficiary documents, the Social Insurance agency will process payment to the employee.

To resolve the retirement regime, the staff will base on the records sent by the employer (including the retirement decision for the employee). The time to receive the pension is the time stated in the decision to retire early.

Thus, if you retire early according to Decree 178, the pension rate will depend on the years you worked according to the above calculation and will not be deducted due to early retirement.

baotintuc.vn

Source: https://baolaocai.vn/co-phai-doi-tuong-nao-nghi-huu-truoc-tuoi-cung-duoc-huong-muc-luong-huu-75-post402309.html