In case of receiving a subsidy of 5 months of current salary for the first 15 years of work

Pursuant to Clause 2, Article 3 of Decree 177/2024/ND-CP, there are regulations on early retirement regime as follows:

Receive pensions and other regimes as prescribed by law on social insurance and do not have the pension percentage reduced due to early retirement for a period of 5 years (60 months) or less.

Receive a subsidy of 5 months of current salary at the time of retirement for each year of early retirement.

Receive a subsidy of 5 months of current salary for the first 20 years of work with compulsory social insurance contributions; from the 21st year onwards, for each year of work with compulsory social insurance contributions, a subsidy of 0.5 months of current salary will be granted.

In case of having paid compulsory social insurance for 15 years or more and being eligible for pension according to the provisions of the law on social insurance at the time of leaving work or retiring, they will be subsidized with 05 months of current salary for the first 15 years of work;

From the 16th year onwards, for each year of work with compulsory social insurance contributions, a subsidy of 0.5 months of current salary will be granted.

Thus, according to the above provisions, in case of having paid compulsory social insurance for 15 years or more and being eligible for pension according to the provisions of the law on social insurance at the time of leaving work or retiring, they will be subsidized with 5 months of current salary for the first 15 years of work.

At the same time, from the 16th year onwards, for each year of work with compulsory social insurance contributions, a subsidy of 0.5 months of current salary will be granted.

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