(Dan Tri) - From July 1, 2025, the case of employees receiving both pension and one-time social insurance (SI) benefits will be adjusted compared to current law.
The Social Insurance Law 2024 has been approved by the National Assembly and will officially take effect from July 1, 2025. In particular, the monthly pension level stipulated in Article 66 of the Social Insurance Law 2024 has been adjusted compared to the current law (Social Insurance Law 2014).
Accordingly, for female workers, the monthly pension is calculated at 45% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions, then for each additional year of contribution, an additional 2% is calculated, with a maximum of 75%.
For male workers, the monthly pension is calculated at 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 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.
Thus, if a male worker has paid social insurance for 35 years, the monthly pension will reach a maximum of 75% of the average salary used as the basis for social insurance payment. For a female worker, if she has paid social insurance for 30 years, the monthly pension will reach a maximum of 75% of the average salary used as the basis for social insurance payment.
According to Article 68 of the 2024 Law on Social Insurance, employees who have paid social insurance for a period longer than the maximum monthly pension as above, when retiring, in addition to the pension, they will also receive a one-time allowance.
The one-time benefit level is calculated for the period of social insurance contribution higher than the period of contribution to reach the maximum pension level (30 years for female workers, 35 years for male workers).
The one-time benefit level is calculated at 0.5 times the average salary used as the basis for social insurance contributions for each year of contribution above the retirement age as prescribed by law.
In the case of employees who are eligible for pension but continue to pay social insurance, the one-time subsidy is calculated as 2 times the average salary used as the basis for social insurance payment for each higher year of payment (from the time after reaching retirement age according to the law until the time of retirement and receiving pension benefits).
One-time retirement allowance from July 1, 2025 (Photo: Hai Long; Graphics: Tung Nguyen).
This regulation is adjusted compared to the current law (Social Insurance Law 2014). According to current regulations, the one-time pension level upon retirement is calculated based on the number of years of social insurance contributions higher than the number of years corresponding to the pension rate of 75%. Each year of social insurance contributions is calculated as 0.5 months of the average monthly salary for social insurance contributions.
Source: https://dantri.com.vn/an-sinh/truong-hop-vua-co-luong-huu-vua-duoc-huong-tro-cap-mot-lan-tu-172025-20241116044413123.htm
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