Accordingly, the average salary for compulsory and voluntary social insurance is 3,866,459 VND. The pension is 3,866,459*45% = 1,739,906 VND lower than the current basic salary of 2,340,000 VND.
Ms. Trang asked, in this case, will her mother be eligible for the lowest pension equal to the basic salary of 2,340,000 VND or will the pension still be calculated as 1,739,906 VND?
Regarding this issue, Vietnam Social Security responds as follows:
Social Insurance Law No. 41/2024/QH15 of the National Assembly takes effect from July 1, 2025, including:
Article 98 stipulates: "Participants in voluntary social insurance are entitled to pension when they reach retirement age as prescribed in Clause 2, Article 169 of the Labor Code and have paid social insurance for 15 years or more."
Clause 11, Article 141 stipulates: "Subjects specified in Points a, b, c, d, đ, g, i, Clause 1, Article 2 of this Law who have participated in social insurance before the effective date of this Law and have paid compulsory social insurance for 20 years or more shall have the lowest monthly pension equal to the reference level".
According to the information she provided, her mother has paid compulsory social insurance for 5 years and 7 months, and wants to pay voluntary social insurance for another 9 years and 5 months to complete 15 years to retire from July 1, 2025, and when calculating the pension, the monthly pension is 1,739,906 VND, lower than the reference level (now the basic salary); compared with the above regulations, her mother is not entitled to the lowest monthly pension equal to the reference level, because her mother has not paid 20 years of compulsory social insurance according to the provisions of Clause 11, Article 141 of the Social Insurance Law No. 41/2024/QH15.
Government.vn
Source: https://baochinhphu.vn/xac-dinh-muc-huong-luong-huu-tu-ngay-1-7-2025-102250409083808192.htm
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