To provide guidance on the regulations adjusting the retirement age for employees under the Labor Code, Hanoi has issued Decree 135/2020/ND-CP, which will officially take effect in Vietnam from January 01, 2021.
On December 10, 2020, the Government issued Decree 143/2020/ND-CP amending and supplementing Decree 108/2014/ND-CPon downsizing.In particular, there are regulations to change the way to calculate the age to enjoy the premature retirement policy when implementing payroll streamlining in accordance with the 2019 Labor Code that has just taken effect. Determining the age to enjoy this early retirement policy has recently been specifically guided by the Ministry of Home Affairs at Official Dispatch 4126/BNV -TCBC.
On November 12, 2020, the Ministry of Labor, War Invalids and Social Affairs issued Circular 11/2020/TT-BLDTBXH promulgating the list of arduous, hazardous and dangerous occupations and works, and extremely arduous, hazardous and dangerous occupations and works in Vietnam.
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.
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