Vietnam: Is participating in intermittent social insurance eligible for receiving pension?

10:57, 16/08/2021

Participating in social insurance in fact raises many problems that make it impossible for employees to pay social insurance contributions continuously. So, will intermittent payment affect the amount of pension received later on?

Regarding this issue, the LAWNET would like to answer as follows

According to Clause 5, Article 3 of Vietnam's Law on Social Insurance 2014:

“Period of social insurance premium payment means a period counted from the time an employee starts paying social insurance premiums to the time he/she stops such payment. In case an employee pays social insurance premiums in interrupted periods, his/her period of social insurance premium payment is the total of such periods."

Thus, the period of payment of social insurance to served as a basis for calculating the amount of the social insurance benefit received is the total time that the employee has paid social insurance premiums in each period (It is not compulsory for employees to pay social insurance continuously).

In addition, Pursuant to Article 74 of Vietnam's Law on Social Insurance 2014, the monthly pension rate of participants of compulsory social insurance is as follows:

* Male workers:

- Retirement in 2021: Paying full 19 years of social insurance will enjoy 45%.

(Retirement from 2022 onwards: Paying full 20 years of social insurance will enjoy 45%)

- After that, every additional year is calculated by 2%.

- The maximum benefit is 75%.

* Female workers:

- Having paid full 15 years of social insurance, they are entitled to 45%.

- After that, every additional year is calculated by 2%.

- The maximum benefit is 75%.

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- The legal regulations in this article are according to Vietnamese Law;
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