An increase of 7.4% in retirement pensions from January 1, 2022 in Vietnam

An increase of  7.4% in retirement pensions from January 1, 2022 in Vietnam
Bảo Ngọc

On December 7, 2021, the Vietnamses Government promulgated Decree 108/2021/ND-CP regulating retirement pensions, social insurance allowances and monthly benefits.

Accordingly, from January 1, 2022, the retirement pensions, social insurance allowances and monthly benefits of December 2021 will be increased by 7.4% for beneficiaries of retirement pensions, social insurance allowances and monthly benefits before January 1, 2022, including:

- Officials, workers, public employees and employees; militaries , the police and cipher workers who are enjoying monthly pensions in Vietnam

- Commune, ward and township officials specified in Decree 92/2009/ND-CP, Decree 34/2019/ND-CP, Decree 121/2003/ND-CP and Decree 09/1998/ND- CP.

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

- Officers of communes, wards and townships are receiving monthly benefits according to Decision 130-CP and Decision 111-HDBT.

- Soldiers are enjoying monthly benefits according to Decision 142/2008/QD-TTg (amended and supplemented by Decision 38/2010/QD-TTg).

- The People's Public Security Department is receiving a monthly allowance under Decision 53/2010/QD-TTg.

- Soldiers, people's police, people doing cipher work receive salary like soldiers and people's police who are receiving monthly allowance according to Decision 62/2011/QD-TTg.

Decree 108/2021/ND-CP takes effect from January 20, 2022. Moreover, The provisions of this Decree shall be effective from January 1, 2022.

Bao Ngoc

 



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