Is Insurance Contribution Allowed for Missing Years to Receive a Pension?
According to Clause 1, Article 5 of Decree No. 134/2015/ND-CP, it is stipulated: The pension time is the total period of compulsory social insurance payment and voluntary social insurance payment, excluding the period already claimed for one-time social insurance benefits.
And according to Point e, Clause 1, Article 9 of Decree No. 134/2015/ND-CP:
- Participants in voluntary social insurance can select one of the following payment methods to contribute to the retirement and survivorship funds:
Pay once for the remaining years for those who participate in social insurance and have met the age requirement for retirement as stipulated but have not completed the required social insurance period. If the remaining period to be paid does not exceed 10 years (120 months), they may pay to complete the 20 years to be eligible for a pension.
=> Thus, in cases where employees have participated in compulsory social insurance and retired but have not yet fulfilled the required period for social insurance to receive a pension, they can join voluntary social insurance to meet the pension eligibility requirements.
In cases where employees have met the age requirement for retirement as stipulated but the remaining social insurance payment period does not exceed 10 years (120 months), they may make a one-time payment for the remaining years to complete the 20 years of social insurance participation to meet the pension eligibility requirements.
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