New Pension Calculation Method According to the 2024 Social Insurance Law
For Female Workers: The monthly pension amount is calculated as 45% of the average salary used as the basis for social insurance contributions, corresponding to 15 years of social insurance contributions. For each additional year of contributions, the rate increases by 2%, with a maximum of 75% for 30 years of contributions.
For Male Workers: The monthly pension amount is calculated as 45% of the average salary used as the basis for social insurance contributions, corresponding to 20 years of social insurance contributions. For each additional year of contributions, the rate increases by 2%, with a maximum of 75% for 35 years of contributions.
Infographic: Finance Magazine
How Many Paternity Leave Days Are Granted to Male Workers in Vietnam Starting July 1st?
As of July 1st, 2025, the new Social Insurance Law comes into effect, bringing with it a host of new employee-friendly policies. One of the most notable changes is the extended paternity leave for husbands, a progressive step towards supporting new families.
Will These 3 Groups Soon Lose Their Monthly Pension Payments?
The Social Insurance Law of 2024, effective from July 1st, 2025, outlines provisions regarding the cessation of monthly pension benefits for certain individuals.
“The Exemption from Mandatory Social Insurance from July 1st”
The Social Insurance Law of 2024 will come into force on July 1st, 2025, and with it, a notable change: an outline of the instances where compulsory social insurance contributions are not required.
What Are the Scenarios for a One-Time Pension Bonus Payout on July 1st?
The one-time allowance for pensioners is calculated based on their social insurance contribution history, with a minimum of three months’ worth of their current pension payments.
“Retirement in 2025: How Much Monthly Pension with 22 Years of Social Insurance Contributions?”
With the recent changes to the Social Insurance Law (Article 64), effective July 1, 2025, employees reaching retirement age with a minimum of 15 years of mandatory social insurance contributions are now entitled to receive a retirement pension upon leaving their employment.
