From July 1, 2025, what policies will workers who do not qualify for pension and have not reached the social retirement age be eligible for in Vietnam?
From July 1, 2025, what policies will workers who do not qualify for pension and have not reached the social retirement age be eligible for in Vietnam?
Based on Article 23 of the Social Insurance Law 2024 stipulating policies for workers who do not qualify for a pension and have not reached the age to receive social retirement benefits:
Policies for workers who do not qualify for a pension and have not reached the age to receive social retirement benefits
Vietnamese citizens of retirement age who have paid social insurance but do not qualify for a pension according to the law and do not qualify for social retirement benefits as stipulated in Article 21 of this Law, if they do not withdraw social insurance in a lump sum and do not reserve it but have a request, are entitled to a monthly allowance from their own contributions in accordance with Clause 2 of this Article.
The period and level of monthly allowance depend on the contribution period and social insurance base of the worker.
The minimum monthly allowance is equal to the monthly social retirement benefit as stipulated in Clause 1, Article 22 of this Law.
In cases where the total amount based on the contribution period and social insurance base of the worker is higher than the amount calculated for the monthly allowance equal to the social retirement benefit at the time of the benefit determination, the worker is eligible for a higher monthly allowance.
In cases where the total amount based on the contribution period and social insurance base is insufficient for the worker to receive a monthly allowance until reaching the age to receive social retirement benefits, if the worker wishes, they may make a one-time payment for the shortfall to receive allowances until reaching the age for social retirement benefits.
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According to the above regulation, from July 1, 2025, workers who do not qualify for a pension and have not reached the age to receive social retirement benefits are entitled to a monthly allowance from their own contributions, determined based on the contribution period and social insurance base of the worker.
From July 1, 2025, what policies will workers who do not qualify for pension and have not reached the social retirement age be eligible for in Vietnam? (Image from the Internet)
How long must social insurance be paid to be eligible for a pension in Vietnam?
Based on Article 64 of the Social Insurance Law 2024 stipulating the subjects and conditions for receiving a pension:
Subjects and conditions for receiving a pension
- Subjects referred to in points a, b, c, g, h, i, k, l, m and n Clause 1 and Clause 2 Article 2 of this Law, upon cessation of work with a mandatory social insurance contribution period of at least 15 years, are entitled to a pension if they fall into one of the following cases:
a) Reaching the retirement age stipulated in Clause 2, Article 169 of the Labor Code;
b) Reaching the retirement age stipulated in Clause 3, Article 169 of the Labor Code and having a total mandatory social insurance contribution period of at least 15 years when working in heavy, hazardous, dangerous, or especially heavy hazardous, dangerous jobs as listed by the Minister of Labor, Invalids, and Social Affairs or working in areas with particularly difficult socio-economic conditions, including the period working in areas with a regional allowance coefficient of 0.7 and above before January 1, 2021;
c) Being at least 10 years younger than the retirement age stipulated in Clause 2, Article 169 of the Labor Code and having at least 15 years working in coal mining underground as regulated by the Government of Vietnam;
d) Infected with HIV/AIDS due to occupational accidents while performing assigned duties.
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According to the above regulation, workers who have a mandatory social insurance contribution period of at least 15 years and fall into the stipulated cases are entitled to a pension.
Which social insurance participants are entitled to a pension in Vietnam?
According to Article 4 of the Social Insurance Law 2024 stipulating types of social insurance and benefits:
Types of social insurance and benefits
- Social retirement benefit policies include:
a) Monthly social retirement benefits;
b) Funeral expense support;
c) Health insurance paid by the state budget.
- Mandatory social insurance policies include:
a) Sickness;
b) Maternity;
c) Pension;
d) Survivorship;
dd) Occupational accident and disease insurance according to the Law on Occupational Safety and Hygiene.
- Voluntary social insurance policies include:
a) Maternity benefit;
b) Pension;
c) Survivorship;
d) Occupational accident insurance according to the Law on Occupational Safety and Hygiene.
Unemployment insurance according to the Law on Employment.
Supplementary retirement insurance.
According to the above regulation, workers participating in voluntary and mandatory social insurance are entitled to a pension.
Note: The Social Insurance Law 2024 takes effect from July 1, 2025.
