From March 15, 2020, retired teachers in Vietnam who have not received seniority allowances in their pensions will be entitled to benefits under Decree 14/2020/ND-CP. Following article includes information about the applicable subjects, conditions, and benefit levels.
Due to the impact of the Covid-19 pandemic, the seniority allowance for teachers has not yet been abolished. Therefore, what is the formula for calculating seniority allowance paid to teachers in Vietnam from 2021?
The Government of Vietnam has just issued Decree No. 77/2021/NĐ-CP dated August 1, 2021 on seniority allowance for teachers. The Decree clearly stipulates the time for calculating the benefit, the time for excluding the seniority allowance, the allowance level, and the way to calculate the seniority allowance.
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