Pension and Social Insurance Allowance: Increased by 7.44% from July 1, 2017

13:34, 11/07/2024

This is the main content of Decree 76/2017/ND-CP regarding the adjustment of pensions, social insurance (SI) benefits, and monthly allowances.

Effective from July 1, 2017, a 7.44% increase will be applied to pensions, social insurance allowances, and monthly allowances for 08 recipients specified in Article 1 of Decree 76.

The funding for the adjustment of pensions, social insurance allowances, and monthly allowances will be ensured by the State Bank and the Social Insurance Fund.

Ministers of relevant Ministries, Vietnam Social Security, and the People's Committees of provinces and municipalities directly under the central authority are responsible for guiding and implementing the adjustments to pensions, social insurance allowances, and monthly allowances for the recipients.

For detailed information on the recipients of the pension and allowance increase, see Decree 76/2017/ND-CP, effective from August 15, 2017.

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