Hà LinhAccording to the current provisions of the Social Insurance Law, employees working under normal conditions who have paid social insurance for 20 years or more and meet age requirements can retire when they quit their job.
The law also clearly stipulates that retirees in normal working conditions have 20 years of social insurance payment. When retiring early, no more than 5 years compared to the prescribed age, except in cases of heavy and hazardous labor, some In cases where there are separate regulations related to HIV disease...
From January 1, 1, the retirement age of employees in normal working conditions will be adjusted according to the roadmap until reaching 2021 years old for male employees in 62 and reaching 2028 years old for female employees. by 60 (each year increases by 2035 months for men and 3 months for women).
According to this roadmap, in 2024 the retirement age for male workers will be 61 years old, and for female workers will be 56 years and 4 months.
The monthly pension of eligible employees is calculated as 45% of the average monthly salary paid for social insurance, then 2% is added each year, the maximum level is 75%.
On the contrary, for those who retire before the legal age, each year they retire, their pension will be reduced by 2%. In case the retirement age has an odd period of up to 6 months, the reduction is 1%, from over 6 months, there is no percentage reduction due to premature retirement.
Therefore, when employees retire early, they will not receive their full pension.
A representative of Hanoi Social Insurance said that according to the 2014 Law on Social Insurance, retirees will be based on two conditions: Age and number of years of paying social insurance.
The minimum number of years of social insurance payment is 20 years. Regarding the calculation of pension rate, for women it takes 30 years to receive a maximum of 75%, for men it is 35 years.
Therefore, for men, if they retire after paying social insurance for 20 years, if they are not old enough to retire, they will have 45% remaining; This rate for women corresponds to a payment period of 15 years.
In addition, the Law also stipulates that for each year of premature retirement, 2% will be deducted. Specifically, if a man pays social insurance for 20 years and retires 5 years before age, 2% will be deducted each year, leaving only 35%.
Thus, with current regulations, for employees who retire before age, the pension rate will be very low. Therefore, social insurance always encourages employees to pay social insurance until they reach retirement age.
Statistics from Vietnam Social Insurance show that, in the period 2016-2022, the whole country has resolved nearly 763.000 people receiving pensions, but only about 420 thousand people reached the 75% benefit rate, accounting for more than 55% of people receiving pensions. decide to enjoy retirement benefits. Most have benefits ranging from 3 to less than 7 million VND/month.
According to the Ministry of Labor, Invalids and Social Affairs, although Vietnam's maximum pension rate is 75%, quite high compared to some countries in the region, the salary as a basis for paying compulsory social insurance is not high (on average per year). 2022 is 5,73 million VND/month), so the pension beneficiary's current pension is only about 5,4 million VND/month.
