Therefore, the recent proposal by the Ministry of Interior to adjust and increase pensions, social insurance benefits, and monthly allowances (expected to be applied from July 1st) is a timely "remedy".
This adjustment is not only deeply humane but also a practical step to protect vulnerable groups from the turbulent market of rising prices.
Accordingly, the draft Decree on adjusting pensions, social insurance benefits, and monthly allowances proposes two options.
Option 1 divides beneficiaries into two groups with different adjustment rates. Specifically, a 4.5% increase and 200,000 VND per month are applied to seven main groups: those who previously worked in the public sector and are currently receiving pensions; and those receiving social insurance benefits and monthly allowances. The remaining three groups are proposed to receive an 8% increase. This is the first time authorities have proposed increasing pensions as a percentage plus a specific amount.
Option 2 proposes a uniform 8% increase for all beneficiary groups. The bright spot in this proposal lies not only in the government's decision to increase spending for eligible beneficiaries, but also in the strategic approach to ensuring fairness in this adjustment.
The draft decree also proposes an increase of 300,000 VND for retirees receiving social insurance benefits and monthly allowances before 1995 whose pensions were less than 3.5 million VND. This is clear evidence of the message "no one is left behind".
Those who retired before 1995 are mostly elderly and frail, and their pensions are meager due to historical circumstances. Therefore, this compensation is not simply about numbers, but also a profound expression of gratitude to the generations who dedicated themselves to the country.
In the proposed options, if option 1 is adopted, the total estimated cost increase compared to 2025 would be approximately over 9,100 billion VND; of which, the state budget would cover over 2,100 billion VND and the Social Insurance Fund over 7,000 billion VND.
Under Option 2, the estimated cost increase compared to 2025 would be approximately 9,800 billion VND; of which, the state budget would cover nearly 2,100 billion VND and the Social Insurance Fund over 7,700 billion VND.
While the State budget will face difficulties in bearing this large additional cost, the Ministry of Interior's proposal, by proactively designing a multi-tiered, flexible social security policy focused on low-income groups, has created a solid "barrier" to protect people's living standards.
Source: https://www.sggp.org.vn/diem-tua-an-sinh-post843949.html
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