Forms of pension receipt in 2026

Reader Nguyen Thi Bien in Bac Ninh asked: In 2026, I will retire, I would like to ask now, how is the pension paid?

Responding to this issue, lawyer Nguyen Thu Trang, Deputy Director of Heva Law Firm LLC, said:

According to Article 93 of the Law on Social Insurance 2024, effective from July 1, 2025, the form of pension payment for employees participating in compulsory social insurance is regulated as follows:

Through the beneficiary's account opened at a commercial bank, a foreign bank branch is established and operates in Vietnam.

Directly from the social insurance agency or a service organization authorized by the social insurance agency.

Through employers.

Article 114 of the Law on Social Insurance 2024 stipulates the forms of pension payment for employees participating in voluntary social insurance, including:

Through the beneficiary's account opened at a commercial bank, a foreign bank branch is established and operates in Vietnam.

Directly from the social insurance agency or a service organization authorized by the social insurance agency.

Accordingly, when retiring, citizens will be paid pensions through 2 forms:

Pay through the beneficiary's account opened at a commercial bank, a foreign bank branch established and operating in Vietnam.

Receive directly from the social insurance agency or receive from a service organization authorized by the social insurance agency.

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