Allowance for retired teachers who have not received seniority allowances

Le Trang

15:02, 10/07/2024

the Government of Vietnam has just promulgated Decree 14/2020/ND-CP stipulating subsidy policies for retired teachers who have not received seniority allowance policies in their pensions.

Teachers stipulated in Article 2 of Decree 14 shall receive an allowance in cash when the following conditions are met:

- Directly teaching, educating, guiding practice, and participating in social insurance for 05 years (full 60 months) or more;- Retired during the period from January 1, 1994, to May 31, 2011;- Receiving a pension at the time of January 1, 2012. In cases where pensions are temporarily suspended according to the provisions of the Social Insurance Law, the allowance will be granted after the pension is resumed.

The allowance is calculated as follows:

Allowance amount = (Monthly pension x 10%) x Number of years eligible for the allowance

Within 20 working days from the date the social insurance agency receives the complete application for the allowance from the eligible person, the social insurance agency is responsible for resolving and paying the allowance to the entitled person.

For more details, refer to Decree 14/2020/ND-CP, effective from March 15, 2020.

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