How to calculate monthly pension from 1.7.2025 for voluntary social insurance contributors
The method of calculating the monthly pension of voluntary social insurance contributors from July 1, 2025 is based on the Law on Social Insurance 2024.
Article 99 of the Law on Social Insurance 2024 (effective from July 1, 2025) stipulates the monthly pension for voluntary social insurance contributors who are eligible for retirement as follows:
+ For female workers, the average income is equal to 45% of the basis for social insurance contributions as prescribed in Article 104 of the Law on Social Insurance 2024, corresponding to 15 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%;
+ For male workers, the average income is equal to 45% of the basic income for social insurance contributions as prescribed in Article 104 of the Law on Social Insurance 2024, corresponding to 20 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%.
In case male workers have paid social insurance for 15 years to less than 20 years, the monthly pension is equal to 40% of the average income used as the basis for social insurance payment prescribed in Article 104 of the Law on Social Insurance 2024, corresponding to 15 years of social insurance payment, then for each additional year of payment, an additional 1% is calculated.
- Pension adjustment is implemented according to the provisions of Article 67 of the Law on Social Insurance 2024.
- Calculating the monthly pension of employees eligible for pension and having paid social insurance according to the provisions of international treaties to which the Socialist Republic of Vietnam is a member but having paid social insurance in Vietnam for less than 15 years, each year of payment during this period is calculated at 2.25% of the average income used as the basis for social insurance payment prescribed in Article 104 of the Law on Social Insurance 2024.
Voluntary social insurance participants are entitled to receive pensions when they reach retirement age as prescribed in Clause 2, Article 169 of the Labor Code and have paid social insurance for 15 years or more.
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