Pursuant to Article 169 of the 2019 Labor Code, employees who meet the conditions on social insurance payment period as prescribed are entitled to receive pension when they reach retirement age.

Specifically, from 2021, the retirement age of workers in normal working conditions is 60 years and 3 months for male workers and 55 years and 4 months for female workers. After that, it will increase by 3 months for male workers and 4 months for female workers each year.

new size 2.jpeg
Retirement age in 2024 will increase to 61 years for men and 56 years and 4 months for women (Illustration photo)

In 2024, the retirement age for male workers will be 61 years old, and for female workers it will be 56 years and 4 months.

The retirement age of employees in normal working conditions is adjusted according to the roadmap until reaching 62 years old for male employees in 2028 and 60 years old for female employees in 2035.

Early retirement age is adjusted up

A representative of Hanoi Social Insurance said that employees in the following cases can retire at a lower age but not more than 5 years earlier than the retirement age under normal working conditions at the time of retirement, except in cases where the law provides otherwise:

Employees who have worked for 15 years or more in arduous, toxic, dangerous or especially arduous, toxic, dangerous jobs on the list issued by the Ministry of Labor, Invalids and Social Affairs .

Employees who have worked for 15 years or more in areas with particularly difficult socio -economic conditions, including working time in areas with regional allowance coefficient of 0.7 or higher before January 1, 2021.

Workers with a working capacity reduction of 61% or more.

Employees with a total working time of arduous, toxic, dangerous or especially arduous, toxic, dangerous jobs on the list issued by the Ministry of Labor, Invalids and Social Affairs and working time in areas with especially difficult socio-economic conditions, including working time in areas with regional allowance coefficient of 0.7 or higher before January 1, 2021, of 15 years or more.

The lowest retirement age of employees from 2024 in one of the above cases is implemented as follows:

In 2024, for male workers, it will be 56 years old and for female workers, it will be 51 years and 4 months old. Similarly, according to the roadmap, for male workers, the early retirement age will increase by 3 months each year until 2028, when the early retirement age will be 57 years old; for female workers, it will increase by 4 months each year, according to the roadmap until 2035, when the earliest retirement age for women will be 55 years old.

In addition to the regulations on early retirement, workers with high professional and technical qualifications and some special cases can retire at a higher age but not more than 5 years older than the regulation at the time of retirement, unless otherwise provided by law.