Guidance on adjusting the 7.4% pension increase for many subjects

The Ministry of Labour, Invalids and Social Affairs has issued Circular 37/2021/TT-BLDTBXH guiding the adjustment of pensions, social insurance benefits and monthly allowances, and the time of pension enjoyment in case the original documents are no longer available.

Accordingly, from January 1, 2022, the pension, social insurance allowance and monthly allowance will be increased by 7.4% compared to the pension, social insurance allowance and monthly allowance. of December 2021. As follows:

Guidance on adjusting the 7.4% pension increase for many subjects

Guidance on adjusting the 7.4% pension increase for many subjects (Artwork)

1. Subjects of application

The following subjects are entitled to pension, social insurance allowance and monthly allowance before January 1, 2022:

(1) Cadres, civil servants, workers, public employees and employees (including those who have time to participate in voluntary social insurance, retirees from the Nghe An farmer's social insurance fund who transfer to Decision 41/2009/QD-TTg on military personnel, people's police and cipher workers who are enjoying monthly pensions.

(2) Officials of communes, wards and towns specified in Decree  92/2009/ND-CP , Decree 34/2019/ND-CP , Decree  121/2003/ND-CP and Decree 09/1998/ ND-CP is enjoying pension, monthly allowance.

(3) Persons who are receiving monthly allowance for loss of working capacity as prescribed by law; people who are receiving monthly allowance under Decision 91/2000/QD-TTg , Decision  613/QD-TTg ; rubber workers are enjoying monthly allowance under Decision 206-CP.

2. Pension, social insurance allowance and monthly allowance from January 2022

According to Clause 1, Article 2 of Circular 37/2021/TT-BLDTBXH , the pension, social insurance allowance and monthly allowance from January 2022 of the subjects mentioned in Section 1 shall be according to the following formula:

Pension, social insurance allowance, monthly allowance from January 2022

=

Pension, social insurance allowance, allowance in December 2021

x

1.074

In addition, Circular 37/2021/TT-BLDTBXH also regulates pensions, social insurance allowances and monthly allowances for:

Subjects (1) and (3) above take a leave of absence from work to enjoy pensions, social insurance benefits and monthly allowances before January 1, 1995 (including those who have retired from enjoying unemploymentdated January 1, 1995, and then continue to enjoy benefits according to Decision 91/2000/QD-TTg on allowances for those who have reached the end of working age at the time of cessation of monthly allowance for loss of working capacity. and Decision 613/QD-TTg on the monthly allowance for those who have from full 15 years to less than 20 years of actual working, whose time limit for enjoying the loss of working capacity has expired), after making adjustments according to the provisions of this Decree. specified in Section 2, with a monthly pension, social insurance allowance or allowance of less than VND 2,500,000/month .

At that time, the pension, social insurance allowance and monthly allowance of these subjects shall be adjusted specifically as follows:

+ For people with pension, social insurance allowance, monthly allowance of 2,300,000 VND/person/month or less:

Pension, social insurance allowance, monthly allowance after adjustment

=

Pension, social insurance allowance, monthly allowance before adjustment

+

200,000
VND/month

+ For people with a monthly pension, social insurance allowance or allowance from over 2,300,000 VND/person/month to less than 2,500,000 VND/person/month:

Pension, social insurance allowance, monthly allowance after adjustment

=

2,500,000 VND/month

Circular 37/2021/TT-BLDTBXH  takes effect from March 15, 2022. Regulations on adjustment of pension, social insurance allowance and monthly allowance shall be applied from January 1, 2022.

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