New Regulations on Pensions and Social Insurance Benefits Effective from July 01, 2018

Duy Thinh

08:54, 11/07/2024

Recently, the Government of Vietnam has issued Decree 88/2018/ND-CP regulating pensions, social insurance allowances, and monthly allowances.

Regulating an additional 6.92% increase on the retirement pension, social insurance allowance, and monthly allowance for:

- Officials and public employees, and workers with time participating in voluntary social insurance, retirees under Decision 41/2009/QD-TTg; military personnel, police, and individuals working in cipher organizations who are receiving pensions;- Commune-level officials specified in Decree 92/2009/ND-CP, Decree 121/2003/ND-CP, and Decree 09/1998/ND-CP;- Individuals receiving labor capacity loss allowance; individuals receiving allowance under Decision 91/2000/QD-TTg, Decision 613/QD-TTg; rubber workers receiving monthly allowance;- Commune-level officials receiving allowance under Decision 130/CP and Decision 111-HDBT;- Military personnel receiving allowance policies under Decision 142/2008/QD-TTg, Decision 38/2010/QD-TTg;- Police personnel receiving allowance under Decision 53/2010/QD-TTg;- Individuals receiving labor accident, occupational disease allowance;- Police, military personnel, and individuals working in cipher organizations receiving allowance under Decision 62/2011/QD-TTg.

Decree 88/2018/ND-CP is effective from July 1, 2018.

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