Before July 1, 2025, civil servants with 20 years of service will be eligible for early retirement and receive a subsidy of up to 60 months' salary.

This is one of the important early retirement policies in the process of restructuring the apparatus, streamlining the payroll and ensuring social security for employees in the state sector.

Applicable objects

Officials, civil servants, and public employees subject to staff streamlining according to Decree 29/2023/ND-CP. Have at least 20 years of mandatory social insurance contributions. Not yet at retirement age according to regulations at the time of streamlining. Voluntarily retire early according to regulations.

Specific subsidy level

1. One-time benefit based on number of months of early retirement:

If retiring within the first 12 months from the date of the decision to reorganize the organization:

Subsidy = 0.9 months of current salary x number of months of early retirement. Maximum subsidy is not more than 60 months of salary.

If retiring from the 13th month onwards:

Subsidy = 0.45 months of current salary x number of months of early retirement. Maximum subsidy is still not more than 60 months of salary.

2. Benefits based on number of years of early retirement:

For each year of early retirement (full 12 months), you will receive a subsidy of 4 months of current salary.

3. Allowance based on working time with mandatory social insurance:

First 20 years of work: subsidy of 5 months of current salary. From the 21st year onwards: each year of work is subsidized of 0.5 months of current salary.

Unlike the general provisions in the Law on Social Insurance (deducting 2% for each year of early retirement), the policy under Decree 178/2024/ND-CP does not apply the deduction of pension rate for early retirees in the streamlining category. As a result, employees are still entitled to a maximum pension rate of up to 75% (if they meet the requirements on social insurance payment period), even if they have not reached retirement age.

Policy period

This policy is only applicable until June 30, 2025. After this date, the provisions of the amended Law on Social Insurance (effective from July 1, 2025) will apply, and the above special support policy will no longer apply.

Agencies and organizations need to review personnel subject to staff reduction early, coordinate with insurance and internal affairs agencies to guide and complete procedures for employees before July 1, 2025. Officials and civil servants who wish to retire early should also proactively learn and understand their rights to promptly implement them.

(According to tapchicongthuong.vn)

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/128100/Before-17-2025-can-bo-cong-chuc-co-20-nam-cong-tac-duoc-nghi-huu-som-nhan-tro-cap-len-toi-60-thang-luong