The Law on Social Insurance 2024, effective from July 1, 2025, stipulates that employees who have paid compulsory social insurance for 15 years or more upon retirement are entitled to receive a pension.
The monthly pension for female workers is equal to 45% of the average salary used as the basis for social insurance contributions, equivalent 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 for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%.
In case male employees 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 payment corresponding to 15 years of social insurance payment, then for each additional year of payment, 1% is added.
The Ministry of Home Affairs has issued Circular No. 12/2025/TT-BNV, which stipulates the time to receive pension according to the new Law on Social Insurance, effective from July 2025. Illustrative photo
Regarding the time of receiving pension for employees according to the provisions of Article 69 of the Law on Social Insurance and is specified in detail as follows:
- The time to receive pension for employees who have met the conditions on social insurance payment period when they quit their jobs is calculated from the month following the month of reaching retirement age as prescribed. In case the employee continues to work and pay social insurance after reaching retirement age and meeting the conditions on social insurance payment period as prescribed, the time to receive pension is calculated from the month following the month of termination of the labor contract or termination of work.
In case the employee is entitled to pension due to reduced working capacity and meets the age and social insurance payment period requirements, the pension entitlement date is calculated from the month following the month in which the conclusion of reduced working capacity is made. In case the employee is concluded to have reduced working capacity before the month in which he/she reaches the prescribed retirement age, the pension entitlement date is calculated from the month in which the conclusion of reduced working capacity is made.
In case the date and month of birth cannot be determined (only the year of birth or month and year of birth are recorded), the time of receiving pension shall be calculated from the month following the month of reaching the prescribed retirement age. The determination of the employee's age shall be implemented according to the provisions of Clause 2, Article 12 of Decree No. 158/2025/ND-CP.
The earliest time to receive pension for employees who receive pension according to the provisions of Article 64 of the Law on Social Insurance and have paid social insurance for 15 years to less than 20 years is from the date the Law on Social Insurance takes effect.
- The time to enjoy retirement benefits in the case specified in Clause 7, Article 33 of the Law on Social Insurance is calculated from the month following the month of full payment for the remaining months.
- The time to receive pension in cases where there are no original documents showing the working time in the State sector before January 1, 1995 is the time to receive pension stated in the settlement document of the social insurance agency.
Source kinhtedothi
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