Participating in social insurance for 15 years: Many cases receive pension

Recently, many people in the province have received pensions after 15 years of participating in social insurance (SI) according to the provisions of the Social Insurance Law 2024 (effective from July 1, 2025). This has created a positive ripple effect, thereby affirming that the voluntary SI policy is a financial support for self-employed workers when they retire.

Happy old age

According to the representative of the provincial Social Insurance, since the Law on Social Insurance 2024 took effect, many people in the province have enjoyed retirement benefits after 15 years of participating in social insurance. For example, Mr. Nguyen Van Tien (61 years old, Nam Nha Trang ward) has participated in compulsory social insurance for more than 11 years while working for a company. In 2022, he took unpaid leave and reserved his social insurance participation. When learning about the voluntary social insurance policy and benefits such as pension, free health insurance card, etc., he participated in voluntary social insurance from 2024 with a chosen income of 3.5 million VND/month. By August 2025, he was given a decision by the provincial Social Insurance agency to enjoy retirement benefits with a salary of more than 1.6 million VND/month.

Provincial Social Insurance officers advise pension recipients via personal accounts.

Previously, Ms. Nguyen Thi Dao (60 years old, Nam Nha Trang ward) worked as a janitor for a company and participated in compulsory social insurance for 12 years and 11 months. In September 2024, she quit her job; after that, she participated in voluntary social insurance. By August 1, 2025, she was entitled to pension with a salary of more than 1.76 million VND/month.

The two cases of early retirement mentioned above both had a history of participating in compulsory social insurance. When they retired, they did not have enough time to participate in social insurance to receive retirement benefits. After being informed and encouraged about the advantages of the retirement policy under the Social Insurance Law 2024, they decided to continue participating in voluntary social insurance to receive early retirement benefits. This is a great source of encouragement for a happy life in old age. This stable financial source helps them pay part of their monthly living expenses without having to depend on their children and grandchildren.

Humanitarian policy

The new social insurance policy has created conditions for many social insurance participants to have the opportunity to receive pensions, especially those who joined social insurance late; at the same time, it encourages many people to continue to participate in voluntary social insurance. This policy not only helps workers to have a stable pension soon, but also solves the situation of withdrawing social insurance one time that has occurred in the past. Instead of receiving social insurance one time and losing the opportunity to receive health care, now, workers can choose to pay for 15 years so that when they retire, they will have a stable pension and a health insurance card for life.

According to regulations, for female workers, the monthly pension is equal to 45% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions, then 2% is added for each additional year of contributions, up to a maximum of 75%. For male workers, the monthly pension is equal to 45% of the average salary used as the basis for social insurance contributions corresponding to 20 years of social insurance contributions, then 2% is added for each additional year of contributions, up to a maximum of 75%. In the case of male workers who have paid social insurance for 15 years but less than 20 years, the monthly pension is equal to 40% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions, then 1% is added for each additional year of contributions.

Mr. Hoang Anh Phong - Head of the Regime Department, Provincial Social Insurance said that the retirement regime is the core of the social insurance policy, ensuring long-term social security for employees when they reach retirement age. Therefore, the new regulation of the Social Insurance Law 2024 on reducing the minimum number of years of social insurance contributions to receive pension from 20 years to 15 years has opened up opportunities for self-employed workers to receive monthly pensions. However, due to the reduction of the social insurance contribution period to 15 years, the minimum pension rate has also changed accordingly.

MAI HOANG

Source: https://baokhanhhoa.vn/xa-hoi/202510/tham-gia-bao-hiem-xa-hoi-du-15-nam-nhieu-truong-hop-duoc-nhan-luong-huu-9a232a5/