From 2021, the retirement age of employees will have many changes compared to the previous retirement age. So, how will the roadmap for adjusting the retirement age of employees change in Vietnam?
From January 01, 2021, when the Decree No. 135/2020/NĐ-CP officially takes effect, the retirement age of employees will increase year by year. How will the retirement age of employees increase in accordance with Vietnam’s regulations?
From 2021, many policies on early retirement of Vietnam will change compared to current regulations. Accordingly, officials, public employees and employees who take early retirement will still receive the full salary if they fall into the 05 cases below.
From January 01, 2021, the policy on employees' retirement age will have many changes compared to the current regulations of Vietnam. So, are employees suffering from fatal disease entitled to early retirement compared to current regulations?
On the basis of regulations of the Labor Code 2019, the Government of Vietnam issued the Decree No. 135/2020/NĐ-CP on retirement age of employees. From January 01, 2021, employees working in highly disadvantaged areas shall be entitled to early retirement.
The retirement age of employees in 2021 shall be changed according to the Labor Code 2019. In order to guide this regulation, the Government of Vietnam issued the Decree No. 135/2020/NĐ-CP on the precise retirement time and employee's retirement benefits in 2021.
This is a notable content mentioned in the Draft Circular of the Minister of Labor, War Invalids and Social Affairs of Vietnam on the list of extremely disadvantaged areas.
On November 18, 2020, the Government of Vietnam issued the Decree No. 135/2020/NĐ-CP on retirement age. Notably, several pension regulations will be abolished from January 01, 2021.
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