Decree 29/2023/ND-CP issued by the Government on personnel reduction clearly stipulates the salary allowance for early retirement.
Accordingly, those who are subject to the personnel reduction and retire early will not have their retirement pensions reduced. In addition, depending on the specific case of personnel reduction, different salary allowances will be provided.
Those who are subject to personnel reduction will enjoy multiple allowance regimes when retiring early. Illustration: Government Portal
In the case of personnel reduction, where the age is a maximum of 5 years and a minimum of 2 years lower than the retirement age, and the insurance contribution time requirement is met, in addition to receiving retirement benefits as stipulated by social insurance law, they will also be granted a 3-month salary allowance for each year of early retirement; a 5-month salary allowance for the first 20 years and a half-month salary allowance for each subsequent year.
For those who are subject to personnel reduction and are only 2 years younger than the prescribed retirement age, and have 20 years of compulsory social insurance contributions, there will be no reduction in retirement pensions, nor will any allowance be granted.
Female officials and civil servants at the commune level who are subject to personnel reduction, with an age a maximum of 5 years and a minimum of 2 years lower than the retirement age, and with 15 to under 20 years of social insurance contributions, will receive retirement benefits as stipulated by social insurance law.
Moreover, the above-mentioned group of people subject to personnel reduction will also not have their retirement pensions reduced due to early retirement. They will be entitled to a 5-month salary allowance and an additional 3-month salary allowance for each year of early retirement compared to the prescribed retirement age.
Decree 29 also stipulates support policies for those who are subject to personnel reduction and forced to leave immediately: Those who are subject to personnel reduction and are only 2 years away from the retirement age, but do not meet the conditions for early retirement, if they leave immediately, will receive a 3-month salary allowance based on their current salary to find another job. These cases will be granted a 1.5-month salary allowance for each year of work with compulsory social insurance contributions.
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