Tuesday, March 18, 2025
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pension
Changing the way pensions are calculated in the State sector from 2025
From 2025, the calculation of public sector pensions will be based on the entire social insurance (SI) contribution period, instead of the final years as currently regulated.
60-year-olds will receive monthly benefits from July 1
According to the Social Insurance Law 2024, in addition to those eligible for pensions, people who reach retirement age but have not paid enough social insurance will receive a monthly allowance from July this year.
Podcast News March 2
You are listening to the Podcast news on Hai Duong electronic newspaper. The news on March 2 has the following main contents.
Hai Duong adjusts pension payment schedule for March
Due to coinciding with a holiday, the payment schedule for pensions and social insurance benefits in March in Hai Duong will be adjusted later.
Proposal to subsidize 500,000 VND per month for people aged 75 and over
The Ministry of Labor, War Invalids and Social Affairs has proposed applying a monthly social pension allowance of VND500,000 for the elderly without pensions aged 75 and over.
Average pension is nearly 7 million VND per month
According to Vietnam Social Security, the average pension in 2024 of people receiving salary from the Social Security Fund will reach 7 million VND per month.
Why not increase the maximum unemployment benefit for workers?
Many opinions say that the current unemployment benefit level of 60% of the average monthly salary is too low and proposes that it should be increased to a maximum of 75% (equivalent to the pension level).
Hai Duong pays 2 months of pension, highest recipient nearly 50 million VND
A person in Gia Loc district (Hai Duong) will receive 49.6 million VND in the pension payment period of January 2024.
Officials who are not re-elected are granted a 5-month salary allowance for each year of early retirement.
The Government has just issued a decree stipulating the regime and policies for cases of non-re-election, re-appointment, and officials who quit their jobs or retire at will.
Proposal to retire early and receive a one-time pension benefit without salary deduction
The Ministry of Home Affairs proposes that people who retire early receive a one-time pension for the early retirement period and enjoy the early retirement policy based on the working time with compulsory social insurance contributions and the number of years of early retirement.
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